DEPOTS Act

The DEPOTS Act allows the Secretary of Defense to write off certain internal accounting charges, such as remaining depreciation or internal debt, for military depots and arsenals that no longer generate revenue due to government-mandated mission changes. This provision ensures that any previous cash spent from revolving funds is recovered while explicitly excluding payments owed to commercial contractors from these write-offs. Additionally, the authority to make these financial adjustments can be delegated by the Secretary of Defense to the heads of individual military departments.