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B-172173 1 (1971-03-31)

handle is hein.gao/gaobaaflc0001 and id is 1 raw text is: COMPTROLLER GENERAL OF THE UNITED STATES ~NIT~DWASHINGTON. D.C. 20548 LM095678 B-1 72173 MAR 3 1 1971 Dear Senator Proxmire: In response to your request of November 11, 1970, and subsequent discussions with your office we are providing information relating to the agreement for disposal of foreign excess United States personal property Iceland. It was agreed th awewould deft er 1TYffi tAe ±atesTh agreemniit with the Iceland Government includes, (2) whether the provisions of the agreement were in accordance with relevant policy guidance, and (3) how the agreement with Iceland compares with agreements pertaining to disposal of foreign excess United States personal property in other countries. In addition it was agreed that we would compare the rate of return from disposal activities in Iceland with the rate of return worldwide. We reviewed the terms of the agreement between the United States and Iceland pertaining to disposal of foreign excess United States personal property and compared these terms with relevant policy guidance, and with foreign excess property disposal agreements between the United States and China, Italy, Denmark (concerning Greenland), and Turkey. We found that: --The agreement with Iceland provides that any sales of foreign excess property in Iceland must be made through the Icelandic Government or its agent on a negotiated basis unless otherwise mutually agreed between the two Governments. The United States may remove the property from Iceland without any restrictions, in the event the United States does not choose to sell the property in Iceland, or agreement for sale in Iceland is not reached. --The agreement with Iceland is within the allowable limits of Department of Defense policy guidance and was coordinated with the Department of State for foreign policy consideration as required by the Federal Property and Administrative Services Act of 19h9, as amended. 50TH ANNIVERSARY 1921-1971 . -,.

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