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![handle is hein.gao/gaobadgxi0001 and id is 1 raw text is:
THE COMPTROLLER GENERAL
DECISION OF THE UNITED STATES
WASHINGTON, 0 C. 20548
FILE: DATE:- g
MATTER OF:
Reention of Proceeds from
oTery of Precious Metals
DIGEST:
Federal Property and Administrative Services
Act of 1949 as amended and implementing regu-
lations do not authorize U. S. Geological Survey
to use proceeds from sale of silver from photo-
graphic film, aluminum from lithographic
printing plates, and recycled paper to offset
cost of replacing film, plates and paper, re-
spective. Proposed exchange is not of
similar items as required by section 201(c)
of 1949 Act. Also, regulations preclude
exchange/sale of scrap or of excess property.
This Is in response to a request from the Chief. Branch ofr
Financial Management, United States Geological Survey.
Department of the Interior, for a decision on whether the
Geological Survey (USGS) has authority to use proceeds from
sale of certain salvaged materials to offset the cost of replacing
items which are the source of the salvage. The materials are
silver from photographic film, aluminum from lithographic
printing plates, and recycled paper. The USGS suggests that
section 201(c) of the F Pr rt Adinistrative
Services Act of 1940 as amended, 40 U.JSC. 481(c) (Supp. V
1975), the so-called exchangelsale provision, and implementing
regulations of the General Services Administration (GSA) provide
the necessary authority. (The submission cites earlier, similar,
authorities, but 40 U. S. C. S 481(c) has generally superseded
other statutory authorities for exchange/sale.)
Section 201(c) of the Federal Property and Administrative
Services Act of 1949. as amended. 40 U. S. C. $ 481(c). authorizes
the sale or exchange of simJlar items pursuant to implementing
regulations. It provides:
In acquiring personal property, any executive agency,
under regulations to be prescribed by the Administrator
[of General Services], subject to regulations prescribed
by the Administrator for Federal Procurement Policy
pursuant to the Office of Federal Procurement Policy
Act, may exchange or sell similar items and may
apply the exchange allowance or proceeds of sale
in such cases in whole or in part payment for the
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