§2355 Retention and Use of Certain Items and Funds

Summary

The President may keep or move supplies and defense items bought under this law to a U.S. agency instead of giving them to a foreign country or an international group when the President thinks it helps the United States or when Congress requires it by a concurrent resolution. If those items are kept, they can be sold or thrown away without following normal government property rules when needed to prevent spoilage, waste, or loss of usefulness. Money from any sale or transfer must go back to the same budget account that paid for them or to the account now used for the same purpose. If supplies come back to the United States as repayment, they can be used again for the same program and within its limits. Money recovered because a financed deal did not follow the rules or agreements, or from selling defense items returned as no longer needed, must also be returned to the account that funded them or to an account used for the same purpose.