§605 — Title 40 Public Buildings, Property, and Works | U.S. Code

Summary

GSA’s Acquisition Services Fund may pay for motor vehicles and related equipment and supplies under section 602, including buying or renting them. The Administrator must set prices to recover those costs as much as possible. Prices can include an extra amount for replacing vehicles; that extra can stay in the Fund and be used only for replacement. Purchase and replacement costs must be recovered through amortization and reported using accrual accounting.

Title 40, §605

Public Buildings, Property, and Works — Source: USLM XML via OLRC

(a)The Acquisition Services Fund provided for in section 321 of this title is available for use by or under the direction and control of the Administrator of General Services to pay the costs of carrying out section 602 of this title, including the cost of purchasing or renting motor vehicles and related equipment and supplies.

(b)(1)The Administrator shall set prices for furnishing motor vehicles and related services under section 602 of this title. Prices shall be set to recover, so far as practicable, all costs of carrying out section 602 of this title.

(2)In the Administrator’s discretion, prices may include an increment for the estimated replacement cost of motor vehicles and related equipment and supplies. Notwithstanding section 321(f) of this title, the increment may be retained as a part of the capital of the Acquisition Services Fund but is available only to replace motor vehicles and related equipment and supplies.

(c)The purchase price of motor vehicles and related equipment, and any increment for estimated replacement cost, shall be recovered only through charges for the cost of amortization. Costs shall be determined, and financial reports prepared, in accordance with the accrual accounting method.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 60540:491(d).June 30, 1949, ch. 288, title II, § 211(d), as added Sept. 5, 1950, ch. 849, § 5(c), 64 Stat. 583; Sept. 1, 1954, ch. 1211, § 2, 68 Stat. 1127; Pub. L. 95–506, Oct. 24, 1978, 92 Stat. 1756.

Editorial Notes

Amendments

2006—Subsec. (a). Pub. L. 109–313, § 3(h)(6)(A), substituted “Acquisition Services Fund” for “General Supply Fund” in heading and text. Subsec. (b)(2). Pub. L. 109–313, § 3(h)(6)(B), substituted “321(f)” for “321(f)(1)” and “Acquisition Services Fund” for “General Supply Fund”.

Statutory Notes and Related Subsidiaries

Effective Date

of 2006 AmendmentAmendment by Pub. L. 109–313 effective 60 days after Oct. 6, 2006, see section 6 of Pub. L. 109–313, set out as a note under section 5316 of Title 5, Government Organization and Employees.

§605 Payment of Costs