Page:United States Statutes at Large Volume 58 Part 1.djvu/802

 PUBLIC LAWS-CH. 479-OCT. 3, 1944 Government agency deposits. Contractual provi- sions. Proceeds of sale credited to cost. Security held by disposal agency. Disposition, care, and handling of prop- erty. Acquisitions. Appropriations au- thorized for adminis- tering Act. Authority of com- manders of military operations. Applicability of pro- visions. fund or appropriation or paid to the owning agency. As used in this subsection the term "net proceeds of the disposition or transfer" means the proceeds of the disposition or transfer minus all expenses incurred for care and handling and disposition or transfer. (c) To the extent authorized by the Board, any Government agency disposing of property under this Act (1) may deposit, in a special account with the Treasurer of the United States, such amount of the proceeds of such dispositions as it deems necessary to permit appro- priate refunds to purchasers when any disposition is rescinded or does not become final, or payments for breach of any warranty, and (2) may withdraw therefrom amounts so to be refunded or paid, without regard to the origin of the funds withdrawn. (d) Where a contract or subcontract authorizes the proceeds of any sale of property in the custody of the contractor or subcontractor to be credited to the price or cost of the work covered by such contract or subcontract, the proceeds of any such sale shall be credited in accordance with the contract or subcontract. (e) Where the disposal agency acquires or retains any mortgage, lien, or other interest as security in connection with any transfer or disposition or property under this Act, the disposal agency shall retain, preserve, and manage such security and may enforce and settle any right of the Government with respect thereto in such manner and upon such terms as it deems in the best interest of the Government. The Board may prescribe regulations to govern the exercise of the authority granted under this subsection. USE OF APPBOPRSTED FUNDs SEC. 31. (a) Any Government agency is authorized to use for the disposition of property under this Act, and for its care and handling pending such disposition, any funds heretofore or hereafter appro- priated, allocated, or available to it for the purpose of production or procurement of such property. (b) Any Government agency is authorized to use for the acquisi- tion of any surplus property under this Act any funds heretofore or hereafter appropriated, allocated, or available to it for the acquisition of property of the same kind. (c) There are authorized to be appropriated such sums as may be necessary or appropriate for administering the provisions of this Act. DIsPOsIrrTNS OUTSIDE UNITED STATES SEC. 32. (a) Nothing in this Act shall limit or affect the authority of commanders in active theaters of military operations with respect to property in their control. (b) The provisions of this Act shall be applicable to dispositions of property within the United States and elsewhere, but the Board may exempt from some or all of the provisions hereof dispositions of property located outside of the continental United States, its Terri- tories and possessions, whenever it deems that such provisions would obstruct the efficient and economic disposition of such property in accordance with the objectives of this Act. RESTrICTIONS ON IMPORTATION OF SURPLUS PROPEiBT INTO UNITED STATES SEC. 33. (a) It is the policy of this Act to prohibit, so far as feas- ible and necessary to carry out the objectives of this Act, the impor- tation into the United States of surplus property sold abroad or for [58 STAT. 782

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