§ 8471.
Midshipmen’s store, trade shops, dairy, and laundry: nonappropriated fund instrumentality and accounts
(a)
Operation as Nonappropriated Fund Instrumentality.—
The Superintendent of the Naval Academy shall operate the Naval Academy activities referred to in subsection (b) as a nonappropriated fund instrumentality under the jurisdiction of the Navy.
(c)
Nonappropriated Fund Accounts.—
The Superintendent of the Naval Academy shall administer a separate nonappropriated fund account for each of the Naval Academy activities included in the nonappropriated fund instrumentality required under subsection (a).
(d)
Crediting of Revenue.—
The Superintendent shall credit all revenue received from a Naval Academy activity referred to in subsection (b) to the account administered with respect to that activity under subsection (c), and amounts so credited shall be available for operating expenses of that activity.
([Aug. 10, 1956, ch. 1041], [70A Stat. 435], § 6971; [Pub. L. 89–718, § 38], Nov. 2, 1966, [80 Stat. 1120]; [Pub. L. 103–337, div. A, title III, § 376], Oct. 5, 1994, [108 Stat. 2736]; [Pub. L. 104–201, div. A, title III, § 370(a)], Sept. 23, 1996, [110 Stat. 2498]; [Pub. L. 105–85, div. B, title XXVIII, § 2871(c)(1)], Nov. 18, 1997, [111 Stat. 2015]; renumbered § 8471, [Pub. L. 115–232, div. A, title VIII, § 807(c)(1)], Aug. 13, 2018, [132 Stat. 1836].)