COMMODITY MANAGEMENT ACT

CHAPTER Ⅰ GENERAL PROVISIONS

Article 1(Purpose) #

The purpose of this Act is to ensure the efficient and appropriate management of State commodities by prescribing basic matters concerning the acquisition, custody, use and disposition of such commodities.

[This Article Wholly Amended on Mar. 25, 2009]

Article 2(Definitions) #

(1) The term "commodity" used in this Act means any movable that is owned by or held in custody for use by the State (including any movable set apart from the State property administered pursuant to the State Property Act); provided, this shall not include any of the following movables:

1. Cash;

2. Securities to be deposited with the Bank of Korea pursuant to Acts and subordinate statutes;

3. State property provided for in Article 5(1)1 through 3 and (2) of the State Property Act.

(2) The term "head of a central government agency" used in this Act means the head of a central government agency under Article 6 of the National Finance Act.

[This Article Wholly Amended on Mar. 25, 2009]

Article 3(Special cases concerning management of war supplies) #

Management of war supplies shall be governed by a separate Act.

[This Article Wholly Amended on Mar. 25, 2009]

Article 4(Relationship to other Acts) #

Except as otherwise provided in any other Act, this Act shall apply to the management of commodities.

[This Article Wholly Amended on Mar. 25, 2009]

CHAPTER Ⅱ CLASSIFICATION AND STANDARDIZATION OF COMMODITIES

COMMODITY MANAGEMENT ACT

Article 1(Purpose) #

Article 2(Definitions) #

Article 3(Special cases concerning management of war supplies) #

Article 4(Relationship to other Acts) #

Article 5(Classification) #

Article 6(Standardization) #

Article 7(Body of general management) #

Article 8(Body of management) #

Article 9(Commodity management officer) #

Article 10(Commodity accounting official) #

Article 11(Commodity operating officer) #

Article 12(Partial charge of work, and representation, of bodies of management) #

Article 13(Delegation of work to heads of local governments) #

Article 14 #

Article 15(Plan for supply-demand management of commodities) #

Article 16(Fixed-number management of commodities) #

Article 16-2(Useful life of commodities) #

Article 17 #

Article 18(Inventory control) #

Article 19(Stocktakes) #

Article 20(Inventory adjustment) #

Article 21(Preparation of operational report on management of commodities) #

Article 22(Transfer of management) #

Article 23(Maintenance of commodities) #

Article 24(Standard form) #

Article 25(Computerization of commodity management) #

Article 26(Duty of care of public officials engaged in commodity management) #

Article 27(Restrictions on activities of public officials engaged in commodity management) #

Article 28(Acquisition) #

Article 29(Restrictions on acquisition) #

Article 30(Principles of custody) #

Article 31(Orders for acquisition and disbursements) #

Article 32(Disposition of commodities unfit for use) #

Article 33(Use) #

Article 34(Return of commodities in use) #

Article 35(Decisions on disuse) #

Article 35-2(Exchange) #

Article 36(Sale) #

Article 37(Request for sale of commodities in disuse) #

Article 38(Transfer of commodities in disuse) #

Article 39(Special cases for sale) #

Article 40(Accounting of commodities disposed of) #

Article 41(Restrictions on loan) #

Article 42(Restrictions on financing) #

Article 43(Due wear and tear) #

Article 44(Supply of commodities by government) #

Article 45(Responsibilities of public officials engaged in commodity management) #

Article 46(Disposition of commodities misplaced or damaged) #

Article 47(Provisions to be applied mutatis mutandis) #

Article 48(Inspection) #

Article 49(Exclusion from application) #