FEDLINKFederal Library Information Network
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The Library of Congress FEDLINK, an intragovernmental revolving fund, is a "cooperative procurement, accounting, and training program designed to provide access to online databases, periodical subscriptions, books, and other library and information support services from commercial suppliers with which the Library has negotiated contracts." (2583) Federal agencies place orders for FEDLINK products and services and take advantage of volume discounts.
The FEDLINK agreement allows all federal government agencies -- executive, legislative, judicial, military, civilian, and independent agencies -- to utilize the FEDLINK contract vehicle to subscribe to WavePhore's Newscast Today business intelligence service.
The loss resulting from RoweCom's bankruptcy is related to the operation of the FEDLINK program, and is an appropriate expense of the revolving fund.