Page:United States Statutes at Large Volume 76.djvu/155

 76 STAT. ]

PUBLIC LAW 87-492-JUNE 25, 1962

107

the purposes of deteiniining depreciated value as of the time that the vehicle was first used in the performance of the contract and the depreciation which occurs during the performance of the contract, such vehicle will be deemed to have a service life of seventy-two months and such vehicle will be deemed to uniformly depreciate one seventy-second of its original sales price for each month. "(e) If a contract is altered pursuant to subsection (c), the contractor shall not be entitled to either the indemnity or to the equitable allowance provided either in subsection (d) or by terms of his contract." Approved June 19, 1962.

Public Law 87-492 AN ACT To authorize the Secretary of Agriculture to permit certain property to be used for State forestry work, and for other purposes.

June 25, 1962 [H. R. 9736]

Be it BThacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Congress Agriculture, recognizes that for many years the United States and certain States eryfaciiities,""'^' have cooperated in the production of tree planting stock for use in the transfer to st'ates. reforestation of the public and private lands of the Nation; that the program of production of tree planting stock which was initiated and pursued under the Soil Bank Act (7 U.S.C. 1801 et seq.) was 70 Stat. iss. carried on under written agreements which provided for (a) cooperation between the Forest Service, on behalf of the United States, and the States which participated in the program, (b) payments to said States for costs and expenses incurred in the development of nursery facilities, (c) the holding of such funds by the States in trust for the purpose of carrying out the provisions of said agreements, and (d) restoration to the trust fund of an amount equal to the residual value of any supplies, materials, equipment, or improvements acquired or constructed with trust funds and transferred to State forestry work other than the soil bank program; that such program under said Soil Bank Act has been discontinued, but the need for the trees continues to be great; that the States and Federal Government are cooperating in the procurement, production, and distribution of forest-tree seeds and plants under section 4 of the Clarke-McNary Act of June 7, 1924 (16 I7.S.C. 567), and in the reforestation of lands under title IV of 63 Stat. 909. the Agricultural Act of 1956 (16 U.S.C. 568e-^); and that said par- 70 Stat. 207. ticipating States need the said supplies, materials, equipment, or improvements for use in connection with their respective forestry programs, and it is in the public interest to permit these States to use said property without the requirement that payment be made for the residual value thereof. SEC.. 2. For the purpose of assisting those States which participated in the program carried on under the Soil Bank Act in continuing the production of needed tree planting stock and in other forestry programs, the Secretary of Agriculture is authorized to permit any sup•plies, materials, equipment, or improvements acquired or constructed with trust funds under the agreements referred to in section 1 to be used in such State forestry work as may further the objectives of related Federal programs, as he may approve, without the requirement that any payment be made by the State into the trust funds. Approved June 25, 1962.

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