
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC2345]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle A--General Military Law
 
                PART IV--SERVICE, SUPPLY, AND PROCUREMENT
 
CHAPTER 138--COOPERATIVE AGREEMENTS WITH NATO ALLIES AND OTHER COUNTRIES
 
        SUBCHAPTER I--ACQUISITION AND CROSS-SERVICING AGREEMENTS
 
Sec. 2345. Liquidation of accrued credits and liabilities

    (a) Credits and liabilities of the United States accrued as a result 
of acquisitions and transfers of logistic support, supplies, and 
services under the authority of this subchapter shall be liquidated not 
less often than once every 12 months by direct payment to the entity 
supplying such support, supplies, or services by the entity receiving 
such support, supplies, or services.
    (b) Payment-in-kind or exchange entitlements accrued as a result of 
acquisitions and transfers of logistic support, supplies, and services 
under authority of this subchapter shall be satisfied within 12 months 
after the date of the delivery of the logistic support, supplies, or 
services.

(Added Pub. L. 96-323, Sec. 2(a), Aug. 4, 1980, 94 Stat. 1018, 
Sec. 2325; renumbered Sec. 2345, Pub. L. 99-145, title XIII, 
Sec. 1304(a)(1), Nov. 8, 1985, 99 Stat. 741; amended Pub. L. 99-661, 
div. A, title XI, Sec. 1104(c), Nov. 14, 1986, 100 Stat. 3965; Pub. L. 
101-189, div. A, title IX, Sec. 931(e)(1), Nov. 29, 1989, 103 Stat. 
1535; Pub. L. 103-337, div. A, title XIII, Sec. 1317(e), Oct. 5, 1994, 
108 Stat. 2900.)


                               Amendments

    1994--Subsec. (a). Pub. L. 103-337 substituted ``12 months'' for 
``three months''.
    1989--Subsecs. (a), (b). Pub. L. 101-189 substituted ``this 
subchapter'' for ``this chapter''.
    1986--Pub. L. 99-661 designated existing provisions as subsec. (a) 
and added subsec. (b).
    1985--Pub. L. 99-145 renumbered section 2325 of this title as this 
section.


                    Effective Date of 1994 Amendment

    Amendment by Pub. L. 103-337 applicable with regard to any 
acquisition or transfer of logistic support, supplies, and services 
under authority of this subchapter that is initiated after Oct. 5, 1994, 
see section 1317(j) of Pub. L. 103-337, set out as a note under section 
2341 of this title.
