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War Surplus Property Agreement

War Asset Management is responsible for the maintenance and management of surplus real estate. The administration asked the GAO if it could use the necessary funds to cover maintenance costs, including insurance for pressure tanks. The GAO did not object to the use of other available means for cost ef action. b) in the event of a contractual delay, as determined by an arbitration procedure. Years of rationing in the war had created accumulated demand for many types of assets that the government had accumulated. [7] This demand has been exacerbated by the return of millions of veterans to civilian life. But the political responsibilities of the Board of Directors have been made difficult by the potential effects of the simultaneous sale of too many surplus properties at reduced prices. The amount of surplus goods was such that private producers feared that, once put up for sale, they would harm domestic markets for privately produced goods and exacerbate a post-war recession. [19] [3] The House responded by pledging not to sell more than the market could absorb and by relying on sales to new foreign buyers to open new markets to American products. [19] (a) at an appropriate time and after written notification without notice to the occupier of the country, the search, collection and removal of any surplus material of land war in which he has acquired a right, title or interest entitling him to his possession; And in all civil or criminal proceedings where the question of the ownership of war surpluses arises, until proven otherwise, war surpluses are considered for all purposes to be the absolute property of the state. Any person who comes ashore and collects and removes surplus materials of war under the powers conferred by this Act is not liable for any damage other than unreasonable damage suffered by the exercise of those powers. In the context of a civil procedure involving the State and a criminal procedure in which the question arises as to whether or not a property is a war surplus, the property is considered for all purposes as a surplus of war as long as the contrary is proven.

[1] [2] “excess material of war,” any building, assembly or building material or material including buildings, fittings or building elements or aircraft, ships, vehicles, machinery, equipment or cats, acquired or used by a government or by the armed forces of a government in or related to the continuation of the recent war and located in the country , including its inland waters and territorial waters and the underlying areas. , and encompasses all real estate of all kinds, including gold and other precious metals – it is the government`s established policy to cover its own risk of loss – on the theory that the size of its stocks and resources and the wide distribution of its risks allow it to do so, and thus achieve a profit savings normally included in the premiums collected by private insurers. In this context, the Agency has always held that there is no corresponding funds for the payment of insurance premiums, which are generally state-owned property, since this does not confer a specific legal authority. See 21 Comp. 928. The objectives of the Surplus Assets Act were not limited to the allocation of surplus assets; These include the restoration of an independent business, the strengthening of the competitive position of new and small entrepreneurs and family farmers, and the widespread use of public property. [3] President Franklin D.