§ 2721. Property records: maintenance on quantitative and monetary basis

569 words·~3 min read·/usc/title-10/section-2721

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(a)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.

(b)The regulations prescribed pursuant to subsection

(a)shall include a requirement that the records maintained under such subsection—

(1)to the extent practicable, provide up-to-date information on all items in the inventory of the Department of Defense;

(2)indicate whether the inventory of each item is sufficient or excessive in relation to the needs of the Department for that item; and

(3)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—

(A)the amounts proposed for each appropriation account in such budget for inventory purchases of the Department of Defense; and

(B)the amounts obligated for such inventory purchases out of the corresponding appropriations account for the preceding fiscal year.

(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.)

In subsection (a), the words “equipment” and “materials” are omitted, since the word “supplies”, as defined in section 101(26) of this title, includes equipment and materials. The word “stored” is substituted for the words “held in store by the armed services”.

In subsection (b), the words “on property records maintained under this section” are substituted for the word “thereon”.

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U.S. Code

statutes-at-large

Public Law 102–190
To authorize appropriations for fiscal years 1992 and 1993 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 years for the Armed Forces, and for other purposes

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U.S. Code

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Aug. 10, 1956, ch. 1041
70A Stat. 152
Pub. L. 99–499, title II, § 211(a)(1)(A)
100 Stat. 1719
Pub. L. 101–510, div. A, title XIII, § 1322(a)(12)
104 Stat. 1671
Pub. L. 102–190, div. A, title III, § 347(b)
105 Stat. 1347
Pub. L. 102–190, § 1061(a)(17)(A)
Pub. L. 102–190, § 347(b)
Pub. L. 101–510
Pub. L. 102–190, div. A, title III, § 347(c)
Pub. L. 100–456, div. A, title III, § 343
102 Stat. 1961

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§ 2721

Property records: maintenance on quantitative and monetary basis

U.S.C.×4

Stat.×1

U.S.C.§ 1105

U.S.C.§ 101

U.S.C.§ 2458

ActAug. 10, 1956, ch. 1041

Stat.70A Stat. 152

Pub. L.Pub. L. 99–499, title II, § 211(a)(1)(A)

Stat.100 Stat. 1719

Pub. L.Pub. L. 101–510, div. A, title XIII, § 1322(a)(12)

Cites 17 · showing 8Cited by 5 across 2 sources