[Code of Federal Regulations]

[Title 40, Volume 31]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 40CFR1518.4]



[Page 908-909]

 

                   TITLE 40--PROTECTION OF ENVIRONMENT

 

               CHAPTER V--COUNCIL ON ENVIRONMENTAL QUALITY

 

PART 1518_OFFICE OF ENVIRONMENTAL QUALITY MANAGEMENT FUND--Table of 

Contents

 

Sec.  1518.4  Procedures.



    (a) Charters: (1) A charter must be prepared for each project or 

study to be financed and supported by the OEQ Management Fund.

    (2) The charter must clearly state the relation of the study or 

project to the goals and purposes of the Office of Environmental Quality 

and the National Environmental Policy Act; describe the study or 

project; identify the participating agency or agencies; provide the 

names, titles and phone numbers of the Project Officer and 

administrative contact.

    (3) Charters may be amended by preparing a formal amendment, which 

sets forth the new language to be incorporated in the existing charter.

    (4) The Director shall approve all Management Fund charters and 

amendments in writing.

    (5) Copies of each charter and charter amendment approved by the 

Director shall be provided to the Contracts Branch and the Financial 

Management Division of the Office of Administration, Executive Office of 

the President.

    (b) Finances and accounting: (1) Annual budget estimates shall be 

prepared for the OEQ Management Fund.

    (2) An operating budget for each project or study shall be submitted 

to the Financial Management Division of the Office of Administration, 

Executive Office of the President.

    (3) All contributions from other agencies to the OEQ Management Fund 

for a joint study or project shall be accomplished by interagency 

agreements, which shall provide for full payment of funds on an advance 

basis. 42 U.S.C. 4375(a).

    (4) All contributions by the Office of Environmental Quality or the 

Council on Environmental Quality to the OEQ Management Fund for a joint 

study or project shall be accomplished by a letter of transmittal which 

specifies the



[[Page 909]]



particular study or project to be funded. A copy of this transmittal 

letter shall be provided to the Financial Management Division of the 

Office of Administration, Executive Office of the President.

    (5) The OEQ Management Fund is a no-year appropriations account, 

which can accept one-year or multiple-year funds, and is available until 

the objectives for which the authority was made available are attained. 

Funds transferred into the Management Fund are individually accounted 

for and expire under the terms of their appropriation.

    (6) Any agency, including the Office of Environmental Quality and 

the Council on Environmental Quality, may provide technical expertise, 

physical resources, facilities, equipment, or other assets; perform 

support or administrative services; or assign detailees or agency 

representatives to an OEQ Management Fund project or study. These 

contributions may be in addition to funding.

    (7) Subaccounts shall be established within OEQ Management Fund for 

each project or study. All expenditures for a particular project or 

study must be matched with the source contribution and approved by the 

Director or the Project Officer.

    (8) The Director may transfer Management Fund resources for any 

study or project to other federal accounts or other OEQ subaccounts 

provided that the transfer:

    (i) Is approved in writing by the source agency that provided the 

portion of the funds being transferred;

    (ii) Promotes the statutory mission of OEQ; and

    (iii) Is justified by the Director as being in the best interests of 

the government.

    (9) Financial transactions shall be classified under each Management 

Funds subaccount in sufficient detail to satisfy management planning, 

control requirements and financial audit requirements.

    (10) All fund expenditures must comport with the purposes of the 

Management Fund and follow CEQ approval procedures. Any fund 

expenditures pursuant to interagency agreement for the provision of 

administrative services shall comport with the CEQ approval procedures 

specified in the interagency agreement.



[[Page 911]]