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H.R. 13767 (95th): A bill to amend the Federal Property and Administrative Services Act of 1949 to permit the recovery of replacement cost of motor vehicles and other related equipment and supplies.


The text of the bill below is as of Oct 24, 1978 (Passed Congress).


92 STAT. 1756                     PUBLIC LAW 95-506—OCT. 24, 1978

                  Public Law 95-506
                  95th Congress
                                                    An Act

 Oct. 24. 1978    To amend the Federal Property and Administrative Services Act of 1949 to
 [H.R. 13767]       permit the recovery of replacement cost of motor vehicles jand other related
                    equipment and supplies.

                     Be it enacted hy the Senate and House of Representatives of the
Federal           United States of America in Congress assemhled^ That section 211(d)
Property and      of the Federal Property and Administrative Services Act of 1949 (40
Administrative    U.S.C. 491(d)) is amended to read as follows:
Services Act of
1949,                "(d) (1) The General Supply Fmid provided for in section 109 shall
amendment.        be available for use by or under the direction and control of the
Availability of   Administrator for paying all elements of cost (including the purchase
the General       or rental price of motor vehicles and other related equipment and sup-
Supply Fund.      plies) incident to the establishment, maintenance, and operation
40 u s e 756.      (incliiding servicing and storage) of motor vehicle pools or systems
                  for the transportation of property or passengers, ^nd to the furnishing
                  of such motor vehicles and equipment and related services pursuant to
                  subsection (b).
                     " (2) Payments by requisitioning agencies so served shall be at prices
                  fixed by the Administrator at levels which will recover, so far as
                  practicable, all such elements of cost, and may, in the Administrator's
                  discretion, include increments for the estimated replacement cost of
                  such motor vehicles, equipment, and supplies. Such increments may,
                  notwithstanding section 109 (e) of this Act, be retained as part of the
                  capital of the General Supply Fund, but shall be available only for
                  replacement of such motor vehicles, equipment, and supplies. The pur-
                  chase price, plus such increments for the estimated replacement cost,
                  of such motor vehicles and equipment shall be recovered only through
                  charges for the cost of amortization. Such costs shall be determined
                  in accordance with the accrual accounting method; and financial
                  reports shall be prepared on the basis of such accounting.".
                    Approved October 24, 1978.




                  LEGISLATIVE HISTORY:
                  HOUSE REPORT No. 95-1529 (Comm. on Government Operations).
                  CONGRESSIONAL RECORD, Vol. 124 (1978):
                       Sept. 25, considered and passed House.
                       Oct. 10, considered and passed Senate.