40 U.S.C. § 605 — Payment of costs

Page 84 TITLE 40—PUBLIC BUILDINGS, PROPERTY, AND WORKS § 604 In subsection (b)(1), the words ‘‘within ninety days after the effective date of this section’’ are omitted as obsolete. § 604. Treatment of assets taken over to establish motor vehicle pools and transportation sys- tems (a) REIMBURSEMENT.— (1) REQUIREMENT.—When the Administrator of General Services takes over motor vehicles or related equipment or supplies under section 602 of this title, reimbursement is required if the property is taken over from— (A) a Government corporation; or (B) an agency, if the agency acquired the property through unreimbursed expenditures made from a revolving or trust fund author- ized by law. (2) AMOUNT.—The Administrator shall reim- burse 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 subse- quently returns property of a similar kind under section 610 of this title, the Government corporation or the fund shall reimburse the Administrator by an amount equal to the fair market value of the property returned. (b) ADDITION TO ACQUISITION SERVICES FUND.— If the Administrator takes over motor vehicles or related equipment or supplies under section 602 of this title but reimbursement is not re- quired under subsection (a), the value of the property taken over, as determined by the Ad- ministrator, may be added to the capital of the Acquisition Services Fund. If the Administrator subsequently returns property of a similar kind under section 610 of this title, the value of the property may be deducted from the Fund. (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1122; Pub. L. 109–313, § 3(h)(5), Oct. 6, 2006, 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 2006—Subsec. (b). Pub. L. 109–313 substituted ‘‘Acqui- sition Services Fund’’ for ‘‘General Supply Fund’’ in heading and text. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2006 AMENDMENT Amendment by Pub. L. 109–313 effective 60 days after Oct. 6, 2006, see section 6 of Pub. L. 109–313, set out as a note under section 5316 of Title 5, Government Orga- nization and Employees. § 605. Payment of costs (a) USE OF ACQUISITION SERVICES FUND TO COVER COSTS.—The Acquisition Services Fund provided for in section 321 of this title is avail- able for use by or under the direction and con- trol of the Administrator of General Services to pay the costs of carrying out section 602 of this title, including the cost of purchasing or renting motor vehicles and related equipment and sup- plies. (b) SETTING PRICES TO RECOVER COSTS.— (1) IN GENERAL.—The Administrator shall set prices for furnishing motor vehicles and re- lated services under section 602 of this title. Prices shall be set to recover, so far as prac- ticable, all costs of carrying out section 602 of this title. (2) INCREMENT FOR REPLACEMENT COST.—In the Administrator’s discretion, prices may in- clude an increment for the estimated replace- ment cost of motor vehicles and related equip- ment and supplies. Notwithstanding section 321(f) of this title, the increment may be re- tained as a part of the capital of the Acquisi- tion Services Fund but is available only to re- place motor vehicles and related equipment and supplies. (c) ACCOUNTING METHOD.—The purchase price of motor vehicles and related equipment, and any increment for estimated replacement cost, shall be recovered only through charges for the cost of amortization. Costs shall be determined, and financial reports prepared, in accordance with the accrual accounting method. (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1123; Pub. L. 109–313, § 3(h)(6), Oct. 6, 2006, 120 Stat. 1736.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 605 ............. 40:491(d). June 30, 1949, ch. 288, title II, § 211(d), as added Sept. 5, 1950, ch. 849, § 5(c), 64 Stat. 583; Sept. 1, 1954, ch. 1211, § 2, 68 Stat. 1127; Pub. L. 95–506, Oct. 24, 1978, 92 Stat. 1756. Editorial Notes AMENDMENTS 2006—Subsec. (a). Pub. L. 109–313, § 3(h)(6)(A), sub- stituted ‘‘Acquisition Services Fund’’ for ‘‘General Sup- ply Fund’’ in heading and text. Subsec. (b)(2). Pub. L. 109–313, § 3(h)(6)(B), substituted ‘‘321(f)’’ for ‘‘321(f)(1)’’ and ‘‘Acquisition Services Fund’’ for ‘‘General Supply Fund’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2006 AMENDMENT Amendment by Pub. L. 109–313 effective 60 days after Oct. 6, 2006, see section 6 of Pub. L. 109–313, set out as a note under section 5316 of Title 5, Government Orga- nization and Employees. § 606. Regulations related to operation (a) IN GENERAL.—The Director of the Office of Personnel Management shall prescribe regula- tions to govern executive agencies in author- izing civilian personnel to operate Federal Gov- ernment-owned motor vehicles for official pur- poses within the States of the United States, the District of Columbia, Puerto Rico, and the terri- tories and possessions of the United States. (b) ELEMENTS OF THE REGULATIONS.—The regu- lations shall prescribe standards of physical fit-