Pub. L. 101-509, tit. VI, sec. 607

Pub. L. 101-509, tit. VI, sec. 607

EnactedYear: 1990Length: 120 wordsOfficial source
Sec. 607. Pursuant to section 1415 of the Act of July 15, 1952 (66 Stat. 662), foreign credits (including currencies) owed to or owned by the United States may be used by Federal agencies for any purpose for which appropriations are made for the current fiscal year (including the carrying out of Acts requiring or authorizing the use of such credits), only when reimbursement therefor is made to the Treasury from applicable appropriations of the agency concerned: Provided, That such credits received as exchanged allowances or proceeds of sales of personal property may be used in whole or part payment for acquisition of similar items, to the extent and in the manner authorized by law, without reimbursement to the Treasury.
Pub. L. 101-509, tit. VI, sec. 607 | Justis AI