Pub. L. 84-1028, tit. 10, subtit. C, pt. IV, ch. 651, sec. 7604

Profit: ships’ stores

EnactedYear: 1956Length: 120 wordsOfficial source
§ 7604. Profit: ships’ stores (a) A profit of not more than 15 percent may be charged on sales from ships’ stores. Under regulations prescribed by the Secretary of the Navy, the profit shall be used for the purposes stated in subsection (b) and shall be accounted for to the Bureau of Supplies and Accounts. (b) On vessels of the Navy and at naval activities outside the United States, other than an activity designated by the Secretary as a permanent shore establishment, ships’ stores profits shall be used equitably for the welfare of officers and enlisted members of the naval service. At other naval activities, the profits shall be used for the amusement, comfort, and contentment of enlisted members only.
Pub. L. 84-1028, tit. 10, subtit. C, pt. IV, ch. 651, sec. 7604: Profit: ships’ stores | Justis AI