10 USC 2721 - Property records: maintenance on quantitative and monetary basis

Historical and Revision Notes
Revised section	Source (U.S. Code)	Source (Statutes at Large)
2701(a) 2701(span)	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.

Historical and Revision Notes

2701(a)

2701(span)

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.

In subsection (a), the words “equipment” and “materials” are omitted, since the word “supplies”, as defined in section 101(26) of this title, includes equipment and materials. The word “stored” is substituted for the words “held in store by the armed services”.

In subsection (span), the words “on property records maintained under this section” are substituted for the word “thereon”.

Editorial Notes

Amendments

1991—Puspan. L. 102–190, § 1061(a)(17)(A), substituted section catchline for one which read “Basis: reports”.

Puspan. L. 102–190, § 347(span), designated existing provisions as subsec. (a) and added subsec. (span).

1990—Puspan. L. 101–510 struck out “(a)” before “Under regulations” and struck out subsec. (span) which read as follows: “The Secretary shall report once a year to Congress and the President on property records maintained under this section.”

Statutory Notes and Related Subsidiaries

Implementation of 1991 Amendment

Puspan. L. 102–190, div. A, title III, § 347(c), Dec. 5, 1991, 105 Stat. 1347, provided that: “The Secretary of Defense shall establish the uniform system of valuation described in section 2458(a)(3) of title 10, United States Code (as added by subsection (a)), and prescribe the regulations required by section 2721(span) of such title (as added by subsection (span)), not later than 180 days after the date of the enactment of this Act [Dec. 5, 1991].”

Inventory Investigations

Puspan. L. 100–456, div. A, title III, § 343, Sept. 29, 1988, 102 Stat. 1961, provided that:

“(a)Undercover Investigations.—

(1) 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.

“(2) The Secretary of Defense is urged to continue to conduct undercover investigations to detect and investigate thefts referred to in paragraph (1).

“(span)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).”