MONEY AND FINANCE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP61S00750A000700010036-3
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: November 17, 2016
• Document Release Date: March 23, 1999
• Sequence Number: 36
• Content Type: REGULATION

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MONEY AND y`TNANCE
Purchase or manufacture of stores or materials
or department.
of services by bureau or department for another
Y eaaecutive department or independent establishment
or any bureau or office thereof, if funds are
erefor and if it is determined by the head of such
executive department, establishment, bureau, or office to be in
the interest of the Government so to do?
may` place orders
such department. establishment, bureau, or
riala, supplies, equipment, work, or service.,
and that such requisitioned Federal agency may be in a
posits to supply or equipped to render. and shall pay promptly
by check to such Federal agency as may be requisitioned, upon
its writt request, either in advance or upon the furnishing or
performance thereof, all or part of the estimated or actual cost
thereof as determined by such department, establishment, bureau,
emcee as may be requisitioned; but proper adjustments an the
basis of the actual cost of the materials, supplies, or equipment
furnished, or work or servites performed, paid for in advance,
shall be made as may be agreed upon by the depaartmoub, estaablish-
bureaaus, or offices concerned: Provided, That the War
Navy Department, Treasury Department, Civil
-iniist raatiou, and the Maritime Commission may
, as provided herein, for materials, supplies, eequiip-
meant, work or services, of any kind that any requisitioned
sd*ral agency may be in a position to supply, or to reenter or
by contract: Provided further, That if such work or
services can be as e w veenieently or more cheaply performed by
private agencies such work shall be lot by competitive bids to
such private agencies. Bills rendered. or requests for advance
payments made, pursuant to any such order, sbsil not be subject
to audit or certification In advance of payment.
(b) Amounts paid as provided in subsection (a) shall be
credited, 11) in th. case of advance payments, to special working
feuds. or (2) in the case of payments other than advance payments,
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to the appropriations or funds against which charges have been
made pursuant to any such order except as hereinafter provided.
The Secretary of the Treasury shall establish such special work-
ing funds as may be necessary to carry out the provisions of this
subsection. Such amounts paid shall be available for expenditure
in furnishing the materials supplies, or equipment, or in per-
forming the work or services, or for the objects specified in such
appropriations or funds. Where materials supplies or equipment
are furnished from stocks on hand the amounts received in payment
therefor shall be credited to appropriations or funds, as may be
authorized by other law, or, if not so authorized, so as to be
available to replace the materials, supplies, or equipment, except
that *here the head of any such department, establishment, bureau,
or office determines that such replacement is not necessary the
amounts paid shall be covered into the Treasury as miscellaneous
receipts.
(c
Orders placed as provided in subsection (a) shall be
considered as obligations upon appropriations in the same manner
as orders or contracts placed with private contractors. Advance
payments credited to special working funds shall remain available
to the procuring agency for entering into contracts and other uses
during the fiscal year or years for which the appropriation involved
was made and thereafter until said appropriation lapses under the
law to the surplus fund of the Treasury. (Mar. 4, 1915, ch. 143,
1. 3$ Stat. 1084; May 21, 1920, ch 194, S 7, 41 Stat. 613; June
30, 1932, ch. 314, S 601, 47 Stat. 437; Juno 22 1936, ch. 689, title
IV, 8 8, 49 Stat. 1648; July 20, 1942, ch. 50?, 56 ;tat. 661; June
26, 19430 ch. 150, S 1, 57 Stat. 219.)
AMENDMENTS
1943--Subseec. (c) amended by act June 26, 1943, cited to
text, which substituted second sentence for provisions relating
suance of stores from stock on hand.
1942--Act Jn?1y Z0, 1942, cited to text, amended subsec.
generally and added first proviso.
TRANSFER OF FUNCTIONS
Functions relating to procurement of stores, supplies, etc. ,
exercised by any other agency, transferred to Procurement
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Division of the Treasury Department by Ex. Ord. No 6166. S 1.
off. June 10. 1933, set out as a note under section 132 of Title 5.
Executive Departments and Government Officers and Employees.
Effective Jan. 1. 11947. the name of the Procurement Division of
the Treasury Department was changed to the Bureau of Federal
Supply by regulation S 5.7 of subpart A of Part S of Title 41,
Public Contracts II F. R. 13638. Issued by the Secretary of the
Treasury under the authority of section 22 of said Title 5.
CROSS REFERENCES
Availability of advance payments, see section 686c of this
Orders or contracts for materials placed with Goverataent -
owned establishments doomed obligations, see section 23 of Title
41, Public Contracts
686a. Materials or services ordered from Navy; payment
Any executive department or independent establishnent
k ordering materials or services from the Navy
promptly by check upon written request from the Pay_
tral of the Navy, either to advance or upon completion
or part of the estimated or actual cost thereof. as
. and bills rendered in accordance herewith shall
to audit or certification in advance of payment:
Prey ,that proper adjustments *nth* basis of the actual cost
of delivery of work paid for in advance shall be made. (May 21. 1926
ch. 355, 44 :tat. 605. )
686b. Former section 686 effective as to funds transferred
prior to amendment; convict labor; new provisions as
additions to laws relating to working funds.
(a) Notwithstanding the provisions of this section and
amendment of section 686 of this title, said section 686& as in
force prior to 4une 30, 1932. shall remain in force with respect to
the disposition of funds transferred thereunder prior to such date.
(b) Nothing in this section or section 686 of this title shall
be construed to authorize any Government department or independent
establishment, or any bureau or office thereof. to place any orders
for material, supplies, equipment. work. or services to be furnished
or performed by convict labor. except as otherwise provided by
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(c) The provisions of this section and section 686 of this
title are in addition to and not in substitution for the provisions of
any other law relating to working funds. (June 34, i932, ch. 314,
S We 47 Slat. 418.
CEO &E3=ERENCES
f advance payments, see erection 686 c
686c. Repealed. L. 1943. ch. 150 S2. eff. June 6, 1943.
act Jun. ZZ, 1936, ch. 689, tide IV, S 8, 49 :fit.
1648. related to availability of advance payments under section 686.
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o