40 U.S. Code § 505 - Exchange or transfer of medical supplies
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(a) Excess Property Determination.—
(1) In general.— Medical materials or supplies an executive agency holds for national emergency purposes are considered excess property for purposes of subchapter II when the head of the agency determines that—
(A) the remaining storage or shelf life is too short to justify continued retention for national emergency purposes; and
(b) Transfer or Exchange.—
(1) In general.— In accordance with regulations the Administrator of General Services prescribes, medical materials or supplies considered excess property may be transferred to another federal agency or exchanged with another federal agency for other medical materials or supplies.
(2) Use of proceeds.— Any proceeds derived from a transfer under this section may be credited to the current applicable appropriation or fund of the transferor agency and shall be available only to purchase medical materials or supplies to be held for national emergency purposes.
Source(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1081.)
|Revised Section||Source (U.S. Code)||Source (Statutes at Large)|
|505||40:481(e).||June 30, 1949, ch. 288, title II, § 201(e), as added Pub. L. 91–426, § 1, Sept. 26, 1970, 84 Stat. 883.|
In subsection (a)(2), the words “holding such medical materials or supplies” and “provided for in the first sentence of this subsection” are omitted as unnecessary because of the reorganization of the revised section. The words “in sufficient time to allow for” are substituted for “at such times as to insure . . . in sufficient time” for clarity and to eliminate unnecessary words.