10 U.S.C. § 2721 — Property records: maintenance on quantitative and monetary basis
submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 170 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Under regulations prescribed by him, the Secretary of Defense shall have the records of the fixed property, installations, major equipment items, and stored supplies* of the military departments* maintained on both a quantitative and a monetary basis, so far as practicable.
The regulations prescribed pursuant to subsection (a) shall include a requirement that the records maintained under such subsection—
to the extent practicable, provide up-to-date information on all items in the inventory of the Department of Defense;
indicate whether the inventory of each item is sufficient or excessive in relation to the needs of the Department for that item; and
permit the Secretary of Defense to include in the budget submitted to Congress under section 1105 of title 31 for each fiscal year, information relating to—
the amounts proposed for each appropriation account in such budget for inventory purchases of the Department of Defense; and
the amounts obligated for such inventory purchases out of the corresponding appropriations account for the preceding fiscal year.
Source credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 152, § 2701; renumbered § 2721, Pub. L. 99–499, title II, § 211(a)(1)(A), Oct. 17, 1986, 100 Stat. 1719; amended Pub. L. 101–510, div. A, title XIII, § 1322(a)(12), Nov. 5, 1990, 104 Stat. 1671; Pub. L. 102–190, div. A, title III, § 347(b), title X, § 1061(a)(17)(A), Dec. 5, 1991, 105 Stat. 1347, 1473.)
- 1956Enacted · Act of Aug. 10, 1956, ch. 1041
- 1986Amended · Pub. L. 99-499 · 100 Stat. 1719
- 1990Amended · Pub. L. 101-510 · 104 Stat. 1671
- 1991Amended · Pub. L. 102-190 · 105 Stat. 1347, 1473
A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.
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