63 STAT.]
81ST CONG. ,
IST SESS.-CH. 288-JUNE 30, 1949
it is determined by the Administrator that there is insufficient capital
otherwise available in the General Supply Fund. Advances of funds
also may be made by agreement between the requisitioning agencies
and the Administrator. Where an advance of funds is not made,
requisitioning agencies shall promptly reimburse the General Services
Administration on vouchers prepared by the requisitioning agency on
the basis of itemized invoices submitted by the Administrator and
receiving reports evidencing the delivery to the requisitioning agency
of such supplies or services: Provided, That in any case where pay-
ment shall not have been made by the requisitioning agency within
forty-five days after the date of billing by the Administrator, reim-
bursement may be obtained by the Administrator by the issuance of
transfer and counterwarrants supported by itemized invoices.
(c) The General Supply Fund shall be credited with all reimburse-
Credit
ments, advances of funds, and refunds or recoveries relating to sup-
plies or services procured through the fund, including the net proceeds
of disposal of surplus supplies procured through the fund and receipts
from carriers and others for loss of, or damage to, supplies procured
through the fund; and the same are hereby reappropriated for the
purposes of the fund.
(d) A special deposit account may be established as a part of the Specia
General Supply Fund with the Treasurer of the United States for use count.
by the chief disbursing officer or any regional disbursing officer,
Department of the Treasury, which may be credited with (1) funds
advanced from the General Supply Fund account on the books of the
Division of Bookkeeping and Warrants and (2) other funds properly
for credit to the General Supply Fund without being covered into the
Treasury of the United States; and such special deposit account may
be charged with payments properly chargeable to the General Supply
Fund.
(e) The Comptroller General of the United States shall make an Annua
annual audit of the General Supply Fund as of June 30, and there Comptro
shall be covered into the United States Treasury as miscellaneous
receipts any surplus found therein, all assets, liabilities, and prior
losses considered, above the amounts transferred or appropriated to
establish and maintain said fund, and the Comptroller General shall Report
report to the Congress annually the results of the audit, together with
such recommendations as he may have regarding the status and oper-
ations of the fund.
(f) Subject to the requirements of subsections (a) to (e), inclusive, udditic
of this section, the General Supply Fund also may be used for the
procurement of supplies and nonpersonal services authorized to be
acquired by mixed-ownership Government corporations, or by the
municipal government of the District of Columbia, or by a requisi-
tioning non-Federal agency when the function of a Federal agency
authorized to procure for it is transferred to the General Services
Administration: Provided, That the prices charged by the Adminis- Pri ces,
trator in such cases shall be fixed at levels which he estimates will be
sufficient to recover, in addition to the direct costs of the procurement,
handling and distribution of such supplies and services, the indirect
and overhead costs that the Administrator determines are allocable
thereto.
TITLE II-PROPERTY MANAGEMENT
PROCUREMENT, WAREHOUSING, AND RELATED ACrIVITIES
SEC. 201. (a) The Administrator shall, in respect of executive agen-
cies, and to the extent that he determines that so doing is advantageous
383
ing of funds.
1 deposit ac-
1 audit by
H1erGeneral.
to Congress.
)nal use of
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