Architect of the Capitol Administrative Operations Improvement Act of 2016

[AI summary unavailable — showing source text] Architect of the Capitol Administrative Operations Improvement Act of 2016 This bill establishes in the Treasury a Working Capital Fund for the Architect of the Capitol (AOC), whose amounts shall be available for: appropriate, efficient, and economical common agency services, activities, equipment, and other common costs; and construction, capital repairs, renovations, rehabilitation, maintenance of real property, and similar agency expenses, on a reimbursable basis within the AOC. The Fund shall consist of, among other things, appropriations as well as: the reasonable value of stocks of supplies, equipment, and other assets and inventories on order that the AOC transfers to the Fund, minus related liabilities and unpaid obligations; receipts from the sale or exchange of property held in the Fund; all miscellaneous receipts compensating the AOC for loss or damage to any government property under its jurisdiction or care, including the U.S. Botanic Garden; and reimbursements and transfers from certain other accounts. The Fund shall be reimbursed from available AOC accounts for supplies, materials, services, and related expenses, at rates which will approximate the full cost of opera…