116 STAT. 1068 PUBLIC LAW 107-217—AUG. 21, 2002 (18) the Secretary of the Interior with respect to procurement for program operations under the Bonneville Project Act of 1937 (16 U.S.C. 832 et seq.); or (19) the Secretary of State with respect to the furnishing of facilities in foreign countries and reception centers within the United States. SUBCHAPTER III—ADMINISTRATIVE AND GENERAL §121. Administrative (a) POLICIES PRESCRIBED BY THE PRESIDENT. —The President may prescribe policies and directives that the President considers necessary to carry out this subtitle. The policies must be consistent with this subtitle. (b) ACCOUNTING PRINCIPLES AND STANDARDS. — (1) PRESCRIPTION.— The Comptroller General, after considering the needs and requirements of executive agencies, shall prescribe principles and standards of accounting for property. (2) PROPERTY ACCOUNTING SYSTEMS. —The Comptroller General shall cooperate with the Administrator of General Services and with executive agencies in the development of property accounting systems and approve the systems when they are adequate and in conformity with prescribed principles and standards. (3) COMPLIANCE REVIEW.— From time to time the Comptroller General shall examine the property accounting systems established by executive agencies to determine the extent of compliance with prescribed principles and standards and approved systems. The Comptroller General shall report to Congress any failure to comply with the principles and standards or to adequately account for property. (c) REGULATIONS BY ADMINISTRATOR. — (1) GENERAL AUTHORITY. —The Administrator may prescribe regulations to carry out this subtitle. (2) REQUIRED REGULATIONS AND ORDERS.—The Administrator shall prescribe regulations that the Administrator considers necessary to carry out the Administrator's functions under this subtitle and the head of each executive agency shall issue orders and directives that the agency head considers necessary to carry out the regulations. (d) DELEGATION OF AUTHORITY BY ADMINISTRATOR. — (1) IN GENERAL. —Except as provided in paragraph (2), the Administrator may delegate authority conferred on the Administrator by this subtitle to an official in the General Services Administration or to the head of another federal agency. The Administrator may authorize successive redelegation of authority conferred by this subtitle. (2) EXCEPTIONS.—The Administrator may not delegate— (A) the authority to prescribe regulations on matters of policy applying to executive agencies; (B) the authority to transfer functions and related allocated amounts from one component of the Administration to another under psiragraphs (1)(C) and (2)(A) of subsection (e); or (C) other authority for which delegation is prohibited by this subtitle.
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