Reimbursement.—
Requirement .—
section 602 of this titleWhen the Administrator of General Services takes over motor vehicles or related equipment or supplies under , reimbursement is required if the property is taken over from—
a Government corporation; or
an agency, if the agency acquired the property through unreimbursed expenditures made from a revolving or trust fund authorized by law.
Amount .—
section 610 of this titleThe Administrator shall reimburse a Government corporation, or a fund through which an agency acquired property, by an amount equal to the fair market value of the property. If the Administrator subsequently returns property of a similar kind under , the Government corporation or the fund shall reimburse the Administrator by an amount equal to the fair market value of the property returned.
Addition to Acquisition Services Fund .—
section 602 of this titlesection 610 of this titleIf the Administrator takes over motor vehicles or related equipment or supplies under but reimbursement is not required under subsection (a), the value of the property taken over, as determined by the Administrator, may be added to the capital of the Acquisition Services Fund. If the Administrator subsequently returns property of a similar kind under , the value of the property may be deducted from the Fund.
Pub. L. 107–217116 Stat. 1122Pub. L. 109–313, § 3(h)(5)120 Stat. 1736(, , ; , , .)
|
Historical and Revision Notes |
||
|---|---|---|
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
604(a) | 40:491(g). | June 30, 1949, ch. 288, title II, § 211(g), (h), as added Sept. 5, 1950, ch. 849, § 5(c), 64 Stat. 583; Sept. 1, 1954, ch. 1211, § 2, 68 Stat. 1128. |
604(b) | 40:491(h). | |
Editorial Notes
Amendments
Pub. L. 109–3132006—Subsec. (b). substituted “Acquisition Services Fund” for “General Supply Fund” in heading and text.
Statutory Notes and Related Subsidiaries
Effective Date of 2006 Amendment
Pub. L. 109–313section 6 of Pub. L. 109–313section 5316 of Title 5Amendment by effective 60 days after , see , set out as a note under , Government Organization and Employees.