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U.S. Code as of:
01/19/04
Section 708. Property and fiscal officers
(a) The Governor of each State or Territory and Puerto Rico, and
the commanding general of the National Guard of the District of
Columbia, shall appoint, designate or detail, subject to the
approval of the Secretary of the Army and the Secretary of the Air
Force, a qualified commissioned officer of the National Guard of
that jurisdiction who is also a commissioned officer of the Army
National Guard of the United States or the Air National Guard of
the United States, as the case may be, to be the property and
fiscal officer of that jurisdiction. If the officer is not on
active duty, the President may order him to active duty, with his
consent, to serve as a property and fiscal officer.
(b) Each property and fiscal officer shall -
(1) receipt and account for all funds and property of the
United States in the possession of the National Guard for which
he is property and fiscal officer; and
(2) make returns and reports concerning those funds and that
property, as required by the Secretary concerned.
(c) When he ceases to hold that assignment, a property and fiscal
officer resumes his status as an officer of the National Guard.
(d) The Secretaries shall prescribe a maximum grade, commensurate
with the functions and responsibilities of the office, but not
above colonel, for the property and fiscal officer of the United
States for the National Guard of each State or Territory, Puerto
Rico, and the District of Columbia.
(e) The Secretary of the Army and the Secretary of the Air Force
shall prescribe joint regulations necessary to carry out
subsections (a)-(d).
(f) A property and fiscal officer may intrust money to an officer
of the National Guard to make disbursements as his agent. Both the
officer to whom money is intrusted, and the property and disbursing
officer intrusting the money to him, are pecuniarily responsible
for that money to the United States. The agent officer is subject,
for misconduct as an agent, to the liabilities and penalties
prescribed by law in like cases for the property and fiscal officer
for whom he is acting.
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