92 STAT. 1756
PUBLIC LAW 95-506—OCT. 24, 1978
Public Law 95-506 95th Congress An Act Oct. 24. 1978 [H.R. 13767]
Federal Property and Administrative Services Act of 1949, amendment. Availability of the General Supply Fund. 40 USC 756.
To amend the Federal Property and Administrative Services Act of 1949 to permit the recovery of replacement cost of motor vehicles jand other related equipment and supplies.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 211(d) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 491(d)) is amended to read as follows: "(d)(1) The General Supply Fmid provided for in section 109 shall be available for use by or under the direction and control of the Administrator for paying all elements of cost (including the purchase or rental price of motor vehicles and other related equipment and supplies) incident to the establishment, maintenance, and operation (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 purchase 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.
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