Page:United States Statutes at Large Volume 110 Part 5.djvu/738
110 STAT. 3812 PUBLIC LAW 104-307—OCT. 14, 1996 trator of General Services, prescribe regulations relating to the sale of aircraft and aircraft parts under this section. (2) The regulations shall— (A) ensure that the sale of the aircraft and aircraft parts is made at fair market value (as determined by the Secretary of Defense) and, to the extent practicable, on a competitive basis; (B) require a certification by the purchaser that the aircraft and aircraft parts will be used only in accordance with the conditions set forth in subsection (b); (C) establish appropriate means of verifying and enforcing the use of the aircraft and aircraft parts by the purchaser and other end users in accordance with the conditions set forth in subsections (b) and (e); and (D) ensure, to the maximum extent practicable, that the Secretary consults with the Administrator of General Services and with the heads of appropriate departments and agencies of the Federal Government regarding alternative requirements for such aircraft and aircraft parts before the sale of such aircraft and aircraft parts under this section. (e) ADDITIONAL TERMS AND CONDITIONS. —The Secretary of Defense may require such other terms and conditions in connection with each sale of aircraft and aircraft parts under this section as the Secretary considers appropriate for such sale. Such terms and conditions shall meet the requirements of the regulations prescribed under subsection (d). (f) REPORT. —Not later than March 31, 2000, the Secretary of Defense shall submit to the Committee on Armed Services of the Senate and the Committee on National Security of the House of Representatives a report on the Secretary's exercise of authority under this section. The report shall set forth— (1) the number and type of aircraft sold under the authority, and the terms and conditions under which the aircraft were sold; (2) the persons or entities to which the aircraft were sold; and (3) an accounting of the current use of the aircraft sold.