((a)) ** Establishment of Fund** There is established in the Treasury of the United States a separate fund to be known as the “Defense Production Act Fund” (in this section referred to as the “Fund”).

((b)) ** Moneys in Fund** There shall be credited to the Fund—

((1)) all moneys appropriated for the Fund, as authorized by ; and

((2)) all moneys received by the Fund on transactions entered into pursuant to .

((c)) ** Use of Fund** The Fund shall be available to carry out the provisions and purposes of this subchapter, subject to the limitations set forth in this chapter and in appropriations Acts.

((d)) ** Duration of Fund** Moneys in the Fund shall remain available until expended.

((e)) ** Fund balance** The Fund balance at the close of each fiscal year shall not exceed $750,000,000, excluding any moneys appropriated to the Fund during that fiscal year or obligated funds. If, at the close of any fiscal year, the Fund balance exceeds $750,000,000, the amount in excess of $750,000,000 shall be paid into the general fund of the Treasury.

((f)) ** Fund manager** The President shall designate a Fund manager. The duties of the Fund manager shall include—

((1)) determining the liability of the Fund in accordance with subsection (g);

((2)) ensuring the visibility and accountability of transactions engaged in through the Fund; and

((3)) reporting to the Congress each year regarding activities of the Fund during the previous fiscal year.

((g)) ** Liabilities against Fund** When any agreement entered into pursuant to this subchapter after , imposes any contingent liability upon the United States, such liability shall be considered an obligation against the Fund.December 31, 19911991-12-31