§ 2345. Liquidation of accrued credits and liabilities
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/usc/title-10/section-2345A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Credits and liabilities of the United States accrued as a result of acquisitions and transfers of logistic support, supplies, and services under the authority of this subchapter shall be liquidated not less often than once every 12 months by direct payment to the entity supplying such support, supplies, or services by the entity receiving such support, supplies, or services.
(b)Payment-in-kind or exchange entitlements accrued as a result of acquisitions and transfers of logistic support, supplies, and services under authority of this subchapter shall be satisfied within 12 months after the date of the delivery of the logistic support, supplies, or services.
(1)Any credits of the United States accrued as a result of the provision of logistic support, supplies, and services under the authority of this subchapter that remain unliquidated more than 18 months after the date of delivery of the logistic support, supplies, or services may, at the option of the Secretary of Defense, with the concurrence of the Secretary of State, be liquidated by offsetting the credits against any amount owed by the Department of Defense, pursuant to a transaction or transactions concluded under the authority of this subchapter, to the government or international organization to which the logistic support, supplies, or services were provided by the United States.
(2)The amount of any credits offset pursuant to paragraph
(1)shall be credited as specified in section 2346 of this title as if it were a receipt of the United States.
(Added Pub. L. 96–323, § 2(a), Aug. 4, 1980, 94 Stat. 1018, § 2325; renumbered § 2345, Pub. L. 99–145, title XIII, § 1304(a)(1), Nov. 8, 1985, 99 Stat. 741; amended Pub. L. 99–661, div. A, title XI, § 1104(c), Nov. 14, 1986, 100 Stat. 3965; Pub. L. 101–189, div. A, title IX, § 931(e)(1), Nov. 29, 1989, 103 Stat. 1535; Pub. L. 103–337, div. A, title XIII, § 1317(e), Oct. 5, 1994, 108 Stat. 2900; Pub. L. 114–328, div. A, title X, § 1083(a), Dec. 23, 2016, 130 Stat. 2420.)
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Cited by 6 sections
statutes-at-large
- Public Law 99–661To authorize appropriations for fiscal year 1987 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe personnel strengths for such fiscal year for the Armed Forces, to improve the defense acquisition pro
- Public Law 114–328To authorize appropriations for fiscal year 2017 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes
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U.S. Code
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- Pub. L. 96–323, § 2(a)
- 94 Stat. 1018
- Pub. L. 99–145, title XIII, § 1304(a)(1)
- 99 Stat. 741
- Pub. L. 99–661, div. A, title XI, § 1104(c)
- 100 Stat. 3965
- Pub. L. 101–189, div. A, title IX, § 931(e)(1)
- 103 Stat. 1535
- Pub. L. 103–337, div. A, title XIII, § 1317(e)
- 108 Stat. 2900
- 130 Stat. 2420
- Pub. L. 103–337
- Pub. L. 101–189
- Pub. L. 99–661
- Pub. L. 99–145
- section 1317(j) of Pub. L. 103–337
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§ 2345
Liquidation of accrued credits and liabilities
Stat.×2
U.S.C.×2
Pub. L.×1
Stat. Comp.×1
Pub. L.Pub. L. 96–323, § 2(a)
Stat.94 Stat. 1018
Pub. L.Pub. L. 99–145, title XIII, § 1304(a)(1)
Stat.99 Stat. 741
Pub. L.Pub. L. 99–661, div. A, title XI, § 1104(c)
Cites 21 · showing 10Cited by 6 across 4 sources