Property records: maintenance on quantitative and monetary basis
Under regulations prescribed by him, the Secretary of Defense shall have the records of the fixed property, installations, major equipment items, and stored supplies of the military departments maintained on both a quantitative and a monetary basis, so far as practicable.
The regulations prescribed pursuant to subsection (a) shall include a requirement that the records maintained under such subsection—
to the extent practicable, provide up-to-date information on all items in the inventory of the Department of Defense;
indicate whether the inventory of each item is sufficient or excessive in relation to the needs of the Department for that item; and
permit the Secretary of Defense to include in the budget submitted to Congress under section 1105 of title 31 for each fiscal year, information relating to—
the amounts proposed for each appropriation account in such budget for inventory purchases of the Department of Defense; and
the amounts obligated for such inventory purchases out of the corresponding appropriations account for the preceding fiscal year.
Source
(Aug. 10, 1956, ch. 1041, 70A Stat. 152, § 2701; renumbered § 2721, Pub. L. 99–499, title II, § 211(a)(1)(A),Notes
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Historical and Revision Notes |
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Revised section | Source (U.S. Code) | Source (Statutes at Large) |
2701(a) 2701(b) | 5:172i (less last sentence). 5:172i (last sentence). | July 26, 1947, ch. 343, § 410; added Aug. 10, 1949, ch. 412, § 11(410), 63 Stat. 590. |
Amendments
Implementation of 1991 Amendment
Inventory Investigations
Undercover Investigations.—
Congress finds that the use of undercover investigative techniques by the Department of Defense enhances the ability of the Department of Defense to detect and investigate theft of Government property (including munitions) from the Department of Defense supply system.
The Secretary of Defense is urged to continue to conduct undercover investigations to detect and investigate thefts referred to in paragraph (1).
Inventory Security Incident Repository.—
The Secretary of Defense shall establish and maintain a centralized computer system for recording and organizing information on theft, fraud, and breach of security and incidents involving the loss of Department of Defense supplies (including munitions).”