DEPOTS Act

The DEPOTS Act allows the Secretary of Defense to eliminate internal accounting charges, such as remaining depreciation or debt, for Department of Defense depots and arsenals that no longer generate revenue due to government-directed mission changes. This provision applies only to financial balances within military department accounts and does not affect payments owed to commercial contractors. The law requires that any write-offs be conducted in a way that ensures previous cash outlays from revolving funds are recovered, while also permitting the Secretary of Defense to delegate this authority to individual military secretaries.