Pub. L. 84-121, tit. II, sec. 204

Sec. 204. There are hereafter authorized to be transferred between departments and agencies, with or without exchange of funds, all or so much of the facilities, buildings, structures, improvements, stock and equipment, of their activities located in the Canal Zone, as may be mutually agreed upon by the agencies involved and approved by the Director of the Bureau of the Budget, in the interest of elimination of duplicate activities and related facilities: Provided, That with respect to such transfers without exchange of funds (1) transfers to or from the Panama Canal Company shall be subject to the provisions of section 246 of title 2 of the Canal Zone Code, as added by the Act of June 29, 1948 (ch. 706, sec. 2, 62 Stat. 1076); and (2) transfers to or from the Canal Zone Government shall Ire at such appropriate amount as shall be agreed upon between the Canal Zone Government and the agencies concerned and approved by the Director of the Bureau of the Budget, and in the determination thereof due consideration shall be given to the cost of the transferred assets, or usable value to the transferee if clearly less than cost, and adequate provision made for depreciation of properties and equipment, obsolete or otherwise unusable inventories, and other reasonably determinable shrinkages in values; and such amount shall be added to or deducted from the investment of the United States in the Canal Zone Government as applicable.