Section 1 Short title
This Act may be cited as the “Defense Expenditure Planning for Optimizing Throughput and Sustainment Act” or the “DEPOTS Act”.
Defense Expenditure Planning for Optimizing Throughput and Sustainment Act
A BILL
To authorize the Secretary of Defense to eliminate any internal Department of Defense depreciated costs or cancel any internal Department debts associated with depots and arsenal from accounts of a military department or the Department that are associated with certain capital expenditures that no longer generate revenue due to mission changes.
Sec. 2 Capital expenditure write-offs for Department of Defense depots and arsenals
Write-Offs—
In general— With respect to any depot or arsenal of the Department of Defense, the Secretary of Defense may write-off or eliminate any internal Department accounting charges, such as remaining depreciation or internal debt from an account of a military department or the Department associated with capital assets that do not generate revenue due to mission realignments directed by the Federal Government.
Recovery of outlays— Write-offs under paragraph (1) shall be done in a manner than ensures any previous cash outlay from a revolving fund is recovered.
Application of authority— The authority under paragraph (1) applies only to financial balances within the accounts of a military department or the Department of Defense, not to payments owed to commercial contractors.
Delegation— The Secretary may delegate the authority under subsection (a) to the Secretary of a military department.