Volume 76
Public Law 87–600
To amend section 100 of the Federal Property and Administrative Services Act of 1949, as amended, relative to the General Supply Fund.
Approved August 24, 1962
Statutory text
AN ACT
To amend section 100 of the Federal Property and Administrative Services Act of 1949, as amended, relative to the General Supply Fund.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 109 of
Federal Property and Administrative Services Art of amendment.
64 stat. 578.
the Federal Property and Administrative Services Act of 1949 (63 Stat. 377), as amended, is hereby amended as follows:
In subsection (a), by deletion of “to first storage point” from clause (2) in the fourth sentence.
In subsection (b), by deletion of the second sentence and by revision of the third sentence to read: “Such prices shall be fixed at levels so as to recover so far as practicable the applicable purchase price, the transportation cost, inventory losses, the cost of personal services employed directly in the repair, rehabilitation, and conversion of personal property, and the cost of amortization and repair of equipment utilized for lease or rent to executive agencies.”
By deletion of subsection (d).
By deletion of “supplies” wherever it appears and substitution therefor of “personal property”.
Approved August 24, 1962.