46 CFR § 403.110 - Accounting entities.

---
identifier: "/us/cfr/t46/s403.110"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "46 CFR § 403.110 - Accounting entities."
title_number: 46
title_name: "Shipping"
section_number: "403.110"
section_name: "Accounting entities."
chapter_name: "COAST GUARD (GREAT LAKES PILOTAGE), DEPARTMENT OF HOMELAND SECURITY"
part_number: "403"
part_name: "GREAT LAKES PILOTAGE UNIFORM ACCOUNTING SYSTEM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "46 U.S.C. 2103, 2104(a), 9303, 9304; DHS Delegation No. 00170.1, Revision No. 01.4."
regulatory_source: "60 FR 18369, Apr. 11, 1995, unless otherwise noted. Redesignated by USCG-1998-3976, 63 FR 35139, June 29, 1998."
cfr_part: "403"
---


# 403.110 Accounting entities.

(a) Each Association shall be a separate accounting entity. However, the records shall be maintained with sufficient particularity to allocate items to each pilotage pool operation or nonpool operation and to support the equitable proration of items that are common to two or more pilotage pools.

(b) Each Association will maintain a separate account called the “Working Capital Fund.” Working capital funds may only be used for infrastructure improvements and infrastructure maintenance necessary to provide safe, efficient, and reliable pilot service such as pilot boat replacements, major repairs to pilot boats, non-recurring technology purchases necessary for providing pilot services, or for the acquisition of real property for use as a dispatch center, office space, or pilot lodging. The Director may grant exceptions to the requirements of this paragraph (b) upon request by an Association.

[60 FR 18369, Apr. 11, 1995, as amended by USCG-2019-0736, 85 FR 20120, Apr. 9, 2020; USCG-2025-0252, 91 FR 7148, Feb. 17, 2026]