By Peter Terenzio, Justin Ganderson and Sandy Hoe ( June 26, 2018, 1:07 PM EDT) -- Earlier this year, President Donald Trump revealed his plan to facilitate new (and much-needed) federal real property projects in part through a $10 billion "mandatory revolving fund," commonly known as the Federal Capital Financing Fund or the Federal Capital Revolving Fund (FCRF).[1] In this article, we take a close look at the revolving fund, and discuss the interaction between the revolving fund and the Office of Management and Budget budgetary scoring rules. As described below, the Revolving Fund is structured to allow federal agencies to meet the large, upfront dollar obligations often required by OMB's budgetary scoring rules. But despite this welcome and significant development, questions still remain about the scope and operation of the Revolving Fund....