COMMODITY MANAGEMENT ACT
Wholly Amended by Act No. 3947, Nov. 28, 1987
Amended by Act No. 4408, Nov. 30, 1991
Act No. 4868, Jan. 5, 1995
Act No. 5048, Dec. 29, 1995
Act No. 5454, Dec. 13, 1997
Act No. 6077, Dec. 31, 1999
Act No. 6461, Apr. 7, 2001
Act No. 6836, Dec. 30, 2002
Act No. 8047, Oct. 4, 2006
Act No. 8050, Oct. 4, 2006
Act No. 8852, Feb. 29, 2008
Act No. 9280, Dec. 31, 2008
Act No. 9401, Jan. 30, 2009
Act No. 9516, Mar. 25, 2009
CHAPTER Ⅰ GENERAL PROVISIONS
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 by Act No. 9516, Mar. 25, 2009]
| (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, That this shall not include any of the following movables:
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| 2. | Securities to be deposited with the Bank of Korea pursuant to Acts and subordinate statutes; |
[This Article Wholly Amended by Act No. 9516, 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 by Act No. 9516, Mar. 25, 2009]
| Article 4 (Relationship to other Acts) |
Except as otherwise expressly provided for in any other Act, this Act shall apply to the management of commodities.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
CHAPTER Ⅱ CLASSIFICATION AND STANDARDIZATION OF COMMODITIES
| Article 5 (Classification) |
| (1) | The head of each central government agency shall classify commodities under his/her control based on the nature of organizations, work and items, and manage them in an efficient and appropriate manner. |
| (2) | If necessary for efficient use and disposition of commodities under his/her control, the head of each central government agency may, convert the organizational classification of such commodities. |
| (3) | The standards for classification of commodities and the conversion of organizational classification under paragraphs (1) and (2) and other necessary matters regarding the classification of commodities shall be determined and published by the Administrator of the Public Procurement Service. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 6 (Standardization) |
| (1) | The head of each central government agency shall establish standards for major commodities used only by each such agency and its subsidiary organs; and the Administrator of the Public Procurement Service, for major commodities commonly used in government agencies. |
| (2) | Necessary matters regarding the establishment of standards under paragraph (1) shall be prescribed by Presidential Decree. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
CHAPTER Ⅲ BODIES OF COMMODITY MANAGEMENT
| Article 7 (Body of General Management) |
| (1) | The Minister of Strategy and Finance shall have jurisdiction over matters concerning systems and policies for the management of commodities and may direct the Administrator of the Public Procurement Service or the head of each central government agency to report on the actual status of commodity management or otherwise take necessary measures, if necessary to decide on policies concerning the management of commodities. |
| (2) | The Administrator of the Public Procurement Service shall exercise the overall control and coordination of affairs concerning the management of commodities carried out by the head of each central government agency. |
| (3) | The Administrator of the Public Procurement Service may take the following measures with respect to matters concerning the management of commodities carried out by the head of each central government agency: |
| 1. | Request for materials and performance of audits regarding the actual status of commodity management carried out by the head of each central government agency; |
| 2. | Publication in the Official Gazette of exemplary cases and other major matters concerning the management of commodities carried out by the head of each central government agency; |
| 3. | Measures to promote the recycling of commodities decided on disuse under
Article 35 (1);
|
| 4. | Other matters prescribed by Presidential Decree as necessary for the management of commodities. |
| (4) | Any audit performed by the Administrator of the Public Procurement Service with respect to the actual status of commodity management pursuant to paragraph (3) 1 shall be performed as on-site or written inspections. |
| (5) | If the Administrator of the Public Procurement Service finds, as a result of an audit under paragraph (3) 1, that the management of commodities is conducted in an unjust or illegal manner, he/she shall take necessary measures, including the demand for correction, against the head of the central government agency concerned, as prescribed by Presidential Decree. |
| (6) | Where deemed necessary to prevent the recurrence of unjust or illegal management, the Administrator of the Public Procurement Service may demand that the head of the central government agency concerned issue warning to or impose discipline on the public officials responsible therefor, with the demand for correction or other measures under paragraph (5). |
| (7) | The head of a central government agency, in receipt of a demand under paragraph (5) or (6) shall promptly take necessary measures such as corrective, warning or disciplinary actions, and give notice of the result thereof to the Administrator of the Public Procurement Service. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 8 (Body of Management) |
The head of each central government agency shall manage commodities under his/her control.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 9 (Commodity Management Officer) |
| (1) | The head of each central government agency may delegate the management of commodities under his/her control to his/her subordinate public official or, if necessary, to a public official who belongs to any other central government agency, as prescribed by Presidential Decree. |
| (2) | A public official to whom the commodity management is delegated by the head of each central government agency under paragraph (1) shall be referred to as a commodity management officer. |
| (3) | The commodity management under paragraph (1) may be delegated in a manner that a specific position is designated. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 10 (Commodity Accounting Official) |
| (1) | A commodity management officer (including a public official who takes partial charge of such officer’s work under
Article 12 (1); hereinafter the same shall apply) shall delegate the acquisition and disbursement and custody of commodities under his/her control (excluding affairs concerning orders for receipts and disbursements) to a public official of a government agency whereto he/she belongs, as prescribed by Presidential Decree.
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| (2) | A public official to whom the acquisition and disbursement and custody of commodities is delegated under paragraph (1) shall be referred to as a commodity accounting official. |
| (3) | The work by a commodity management officer under paragraph (1) may be delegated in a manner that designates a specific position. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 11 (Commodity Operating Officer) |
| (1) | A commodity management officer shall allow a public official of a government agency to which he/she belongs to use commodities according to the purposes of the State’s work or business and the specific use of such commodities or shall delegate the management of commodities in use (hereinafter referred to as "affairs concerning the use of commodities") to such public official, as prescribed by Presidential Decree. |
| (2) | A public official to whom affairs concerning the use of commodities are delegated under paragraph (1) shall be referred to as a commodity operating officer. |
| (3) | The work by a commodity management officer under paragraph (1) may be delegated in a manner that designates a specific position. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 12 (Partial Charge of Work, and Representation, of Bodies of Management) |
| (1) | The head of each central government agency may appoint a public official who takes partial charge of the work of a commodity management officer; and a commodity management officer, a public official who takes partial charge of the work of a commodity accounting official, respectively, as prescribed by Presidential Decree. |
| (2) | The head of each central government agency may designate a public official who acts on behalf of a commodity management officer in the absence of such officer due to an accident and a commodity management officer, a public official who acts on behalf of a commodity accounting official or a commodity operating officer in the absence of such official or officer due to an accident, respectively, as prescribed by Presidential Decree. |
| (3) | Where the head of each central government agency or a commodity management officer seeks to appoint or designate a public official under paragraph (1) or (2), he/she may do so in a manner that designates a specific position. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 13 (Delegation of Work to Heads of Local Governments, etc.) |
The head of each central government agency may delegate the work of management of commodities under his/her control to the head of a local government or to his/her subordinate public official, as prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 14
Deleted.<by Act No. 5048, Dec. 29, 1995> |
CHAPTER Ⅳ MANAGEMENT OF COMMODITIES
SECTION 1 Common Provisions
| Article 15 (Plan for Supply-Demand Management of Commodities) |
| (1) | The Administrator of the Public Procurement Service shall annually prepare guidelines to develop plans for the supply-demand management of commodities, and give notice thereof to the head of each central government agency, as prescribed by Presidential Decree. In such cases, guidelines may vary by central government agency. |
| (2) | The head of each central government agency shall establish a plan for the acquisition, custody, use and disposition of commodities under his/her control (hereinafter referred to as "plan for the supply-demand management of commodities") every year according to the guidelines to develop plans for the supply-demand management of commodities under paragraph (1), and submit it to the Administrator of the Public Procurement Service. |
| (3) | The Administrator of the Public Procurement Service shall develop a comprehensive government plan for the supply-demand management of commodities which combines the plans for the supply-demand management of commodities submitted pursuant to paragraph (2), and submit it to the Minister of Strategy and Finance. |
| (4) | The head of each central government agency shall manage commodities under his/her control according to its plan for the supply-demand management of commodities. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 16 (Fixed-Number Management of Commodities) |
| (1) | The Administrator of the Public Procurement Service shall establish the standards for fixing the number of major commodities and give notice thereof to the head of each central government agency, as prescribed by Presidential Decree:
Provided, That the standards for fixing the number of major commodities under the control of the National Assembly, the Supreme Court or the Constitutional Court may be determined separately by the head of the central government agency concerned.
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| (2) | A commodity management officer shall determine and manage the fixed number of major commodities and other necessary commodities, with approval of the head of the central government agency to which he/she belongs. In such cases, the fixed number of major commodities shall be determined in accordance with the standards for fixing the number of commodities under paragraph (1). |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 16-2 (Useful Life of Commodities) |
| (1) | The Administrator of the Public Procurement Service shall fix the useful life of commodities to be commonly used and managed in central government agencies (including their subsidiary organs) and then give notice thereof to the heads of such central government agencies, as prescribed by Presidential Decree. |
| (2) | The head of each central government agency may fix and manage the useful life of commodities the useful life of which has yet to be fixed under paragraph (1). In such cases, the notice thereof shall be given to the Administrator of the Public Procurement Service. |
| (3) | The head of each central government agency may adjust the useful life fixed under paragraph (1) in consultation with the Administrator of the Public Procurement Service, if it is difficult to apply such life due to the peculiar circumstances of each such agency. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 17
Deleted.<by Act No. 5048, Dec. 29, 1995> |
| Article 18 (Inventory Control) |
The head of each central government agency shall establish and administer inventory control standards to ensure appropriate inventory levels of commodities frequently used or to be kept in stock.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| (1) | The head of each central government agency shall periodically conduct a stocktake on commodities under his/her control once a year and may conduct an occasional stocktake on such commodities as deemed necessary, as prescribed by Presidential Decree. |
| (2) | The Administrator of the Public Procurement Service may conduct a special stocktake on commodities under the control of the head of each central government agency, as prescribed by Presidential Decree. |
| (3) | The head of each central government agency shall submit to the Administrator of the Public Procurement Service a report on a regular stocktake conducted under paragraph (1). |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 20 (Inventory Adjustment) |
If it is found, as a result of stocktaking under
Article 19 (1) and (2), that there is any increase or decrease in inventory, the head of the central government agency concerned may make an adjustment thereof if such increase or decrease is evidently due to a clerical error, as prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 21 (Preparation of Operational Report on Management of Commodities) |
| (1) | The head of each central government agency shall prepare an operational report on the management of commodities under his/her control and submit it to the Administrator of the Public Procurement Service by not later than February 20 of the following year, and the Administrator of the Public Procurement Service shall put the reports so submitted together and submit them to the Minister of Strategy and Finance by not later than March 10, as prescribed by Presidential Decree. |
| (2) | Matters to be included in an operational report on the management of commodities under paragraph (1) shall be as follows: |
| 1. | Current status of the acquisition and disposition of commodities; |
| 2. | Current status of commodities by agency, item or account; |
| 3. | Other matters as deemed necessary to efficiently manage commodities prescribed by Presidential Decree. |
| (3) | The Minister of Strategy and Finance shall submit operational reports on the management of commodities under paragraph (1) to the Board of Audit and Inspection for examination by not later than April 10 of the following year. |
| (4) | The Minister of Strategy and Finance shall submit to the National Assembly operational reports on the management of commodities examined by the Board of Audit and Inspection under paragraph (3) and other reports on examination prepared by the Board of Audit and Inspection, by not later than May 31 of the following year. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 22 (Transfer of Management) |
| (1) | If necessary for the efficient use and disposition of commodities, a commodity management officer may transfer the management of commodities over which he/she has control to another commodity management officer (hereinafter referred to as "transfer of management"):
Provided, That the transfer of management of such commodities to another central government agency shall be subject to approval by the head of the central government agency whereto such officer belongs, as prescribed by Presidential Decree.
|
| (2) | A commodity management officer shall transfer management between accounts with compensation, except in cases prescribed by Presidential Decree. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 23 (Maintenance of Commodities) |
| (1) | The head of each central government agency shall select major commodities subject to maintenance and establish standards to maintain them. In such cases, any maintenance standards provided by the Administrator of the Public Procurement Service shall prevail. |
| (2) | The head of each central government agency shall maintain major commodities subject to maintenance in accordance with the maintenance standards established under paragraph (1). |
| (3) | The Administrator of the Public Procurement Service may have major commodities selected under paragraph (1) maintained within the Public Procurement Service. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 24 (Standard Form) |
A commodity management officer, a commodity operating officer and a commodity accounting official (including any public official who takes partial charge of his/her work under
Article 12 (1); hereinafter the same shall apply) shall keep and maintain records of necessary matters regarding the management of commodities, using the standard form prescribed by Presidential Decree (including any entry and output data form necessary for computer processing; hereinafter the same shall apply).
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 25 (Computerization of Commodity Management) |
The head of each central government agency shall computerize the work of commodity management to efficiently manage commodities, as prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 26 (Duty of Care of Public Officials Engaged in Commodity Management) |
Any public official engaged in the commodity management shall not only comply with this Act and other Acts and subordinate statutes concerning the management of commodities but also perform his/her work with due care as a good manager.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 27 (Restrictions on Activities of Public Officials Engaged in Commodity Management) |
| (1) | No public official engaged in the commodity management may take over the State commodities over which he/she will exercise control:
Provided, That this shall not apply with respect to commodities prescribed by Presidential Decree.
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| (2) | No act that constitutes a violation of paragraph (1) shall be effective. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| (1) | A commodity management officer shall request a public official in charge of contracts to take necessary measures for the acquisition of commodities covered by a plan for the supply-demand management of commodities within the limit of such plan, and for the acquisition of other commodities as needed. |
| (2) | A public official in charge of contracts shall, upon receipt of a request under paragraph (1), take necessary measures to acquire the commodities in question within the budget, as prescribed by Presidential Decree. |
| (3) | No commodity may be acquired without a tally process by any public official or technician who is designated by the head of a central government agency or by a public official to whom the authority concerned is delegated by such head. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 29 (Restrictions on Acquisition) |
Any commodity management officer who intends to purchase commodities shall, by the transfer of management, acquire commodities with the same item name, if they are under inquiry by another commodity management officer about other agencies'' intention of acquisition for the purpose of transferring management thereof and if it is deemed possible to achieve the relevant business purposes through the acquisition thereof.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 30 (Principles of Custody) |
Commodities shall be kept in the custody of a state facility with the due care of a good manager, so that they may be used or disposed of at any time:
Provided, That if a commodity management officer deems it inappropriate to hold them in the custody of such state facility in view of the use or disposition of such commodities or otherwise there are any special circumstances, such commodities may be kept in the custody of the facility of a person other than the State.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 31 (Orders for Acquisition and Disbursements) |
| (1) | A commodity management officer who seeks to have commodities acquired or disbursed shall order a commodity accounting official to receive or disburse such commodities after specifying the categories of the commodities to be received or disbursed. |
| (2) | No commodity accounting official may acquire and disburse commodities unless an order therefor is issued under paragraph (1). |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 32 (Disposition of Commodities, etc. Unfit for Use) |
| (1) | A commodity accounting official shall report to a commodity management officer on commodities, if they are deemed to be unfit for use or to require repair or alterations among those kept in his/her custody (excluding those returned pursuant to an order issued under
Article 34 (2)).
|
| (2) | A commodity management officer shall, if deemed that any commodity requires repair or alterations according to a report under paragraph (1) or
Article 34 (1), request a public official in charge of contracts or other related public official to take necessary measures for such repair or alterations.
|
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
A commodity management officer who has issued an order for the acquisition or disbursement of commodities shall give notice thereof to a commodity operating officer, specifying the purposes of use of such commodities:
Provided, That this shall not apply where such order is issued upon the request of the said commodity operating officer.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 34 (Return of Commodities in Use) |
| (1) | When deemed that a commodity is no longer needed or fit for use or it is required repair or alterations, a commodity operating officer shall report thereon to a commodity management officer. |
| (2) | A commodity management officer shall, upon receipt of a report under paragraph (1), ascertain the truth of such report and then order a commodity operating officer to return the relevant commodity if such report is well-founded. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 35 (Decisions on Disuse, etc.) |
| (1) | A commodity management officer shall, if any commodity he/she controls is no longer needed or fit for use, make a decision on the disuse of such commodity:
Provided, That any commodity prescribed by Presidential Decree shall be subject to approval of the head of the central government agency to which he/she belongs.
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| (2) | A commodity management officer may scrap any commodity he/she made a decision on the disuse under paragraph (1) (hereinafter referred to as "commodity in disuse") if the sale of such commodity is deemed inappropriate or disadvantageous to the State or is impossible:
Provided, That any commodity prescribed by Presidential Decree shall be subject to approval of the head of the central government agency whereto he/she belongs.
|
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
A commodity management officer may, if necessary to efficiently manage commodities, exchange commodities he/she controls for other commodities owned by persons other than the State, as prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| (1) | No commodity may be sold except that intended for sale or in disuse. |
| (2) | A commodity management officer shall request a public official in charge of contracts to take necessary measures for the sale of commodities intended for sale among those under paragraph (1) and covered by a plan for the supply-demand management of commodities within the limit of such plan, and for the sale of other commodities as needed. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 37 (Request, etc. for Sale of Commodities in Disuse) |
| (1) | The head of each central government agency may request the Administrator of the Public Procurement Service to sell some commodities which are in disuse but available. |
| (2) | The head of each central government agency may transfer the management of any commodity which is in disuse but available and is not yet disposed of by transfer of management, sale, or such, to the Administrator of the Public Procurement Service without any compensation. |
| (3) | The Administrator of the Public Procurement Service shall keep in custody, use or dispose of any commodity which is in disuse and is acquired through the transfer of management without compensation under paragraph (2), as prescribed by Presidential Decree. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 38 (Transfer of Commodities in Disuse) |
| (1) | The head of each central government agency may, if necessary for the utilization of commodities in disuse, transfer such commodities without compensation to local governments, public institutions under the
Act on the Management of Public Institutions, educational institutions, research institutes, national veterans organizations or other non-profit organizations, as prescribed by Presidential Decree.
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| (2) | The scope of educational institutions, research institutes, national veterans organizations, and non-profit organizations under paragraph (1) shall be prescribed by Presidential Decree. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 39 (Special Cases for Sale) |
The head of each central government agency or the Administrator of the Public Procurement Service may sell any commodity intended for sale or in disuse by auction or optional contract as prescribed by Presidential Decree, notwithstanding the provisions of the
Act on Contracts to which the State is a Party.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 40 (Accounting of Commodities Disposed of) |
| (1) | The Administrator of the Public Procurement Service who has sold any commodity in disuse upon request under
Article 37 (1) shall pay the proceeds from sale into the account of the central government agency that requested the sale of such commodity.
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| (2) | The head of a central government agency who has requested the Administrator of the Public Procurement Service to sell a commodity in disuse shall pay fees incurred in respect of the sale of such commodities, as prescribed by Presidential Decree. |
| (3) | The Administrator of the Public Procurement Service who has sold any commodities in disuse that were acquired without compensation by transfer of management under
Article 37 (2) shall credit the proceeds from sale less the expenses prescribed by Presidential Decree to the special account for procurement under subparagraph 4 of
Article 3 of the Government Enterprise Budget Act.
|
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 41 (Restrictions on Loan) |
| (1) | No commodity may be loaned except that intended for loan or unless such loan is deemed not to obstruct the Sate’s business or work. |
| (2) | Loan charges shall be imposed on each commodity loan according to the rate determined by Presidential Decree:
Provided, That institutions and organizations prescribed by Presidential Decree may be exempted from those charges.
|
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 42 (Restrictions on Financing, etc.) |
No commodity may be used as a source of financing or subject to the establishment of a private right, except in accordance with the provisions of Acts.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
SECTION 6 Due Wear and Tear, and Supply of Commodities by Government
| Article 43 (Due Wear and Tear) |
| (1) | Commodities with wear and tear caused by long-term custody or transportation or any other inevitable ground may be disposed of on the ground of due wear and tear. |
| (2) | The categories, item names, and rates of due wear and tear of commodities that may be disposed of on the ground of due wear and tear shall be prescribed by Presidential Decree. |
| (3) | When any commodity under his/her control becomes naturally worn and torn, the head of each central government agency shall give notice thereof to the Board of Audit and Inspection, as prescribed by Presidential Decree. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 44 (Supply of Commodities by Government) |
The Government may not supply commodities for those with whom it has concluded contracts for construction work, manufacturing, or such, except under contract pursuant to the provisions of Acts.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
CHAPTER Ⅴ SUPPLEMENTARY PROVISIONS
| Article 45 (Responsibilities of Public Officials Engaged in Commodity Management) |
Responsibilities of commodity management officers, commodity operating officers and commodity accounting officials, and public officials acting on behalf of the said officers and officials under
Article 12 (2), and other public officials using commodities shall be determined by separate Act.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 46 (Disposition of Commodities Misplaced or Damaged) |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 47 (Provisions to be Applied Mutatis Mutandis) |
With respect to movables which fall under any of the following subparagraphs among movables other than the commodities under this Act (excluding those falling under any subparagraph of
Article 2 (1)),
Articles 7 through 10,
12,
13,
24,
26,
27,
30,
31,
42,
45,
48 and
49 shall apply
mutatis mutandis:
| 1. | Movables deposited with the State by any person other than the State:
Provided, That this shall not include ordinary mail;
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| 2. | Movables kept in custody as evidence in relation to criminal investigations, etc. under Acts and subordinate statutes; |
| 3. | Movables confiscated or seized for the purposes of a notification, a disposition for the recovery of national taxes in arrears, or such under Acts and subordinate statutes; |
| 4. | Other movables designated by the head of each central government agency. |
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
The head of each central government agency shall regularly inspect of the management of commodities he/she controls, and conduct occasional inspections thereof at whatever time a commodity management officer, a commodity operating officer or a commodity accounting official is replaced or otherwise they are needed, as prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
| Article 49 (Exclusion from Application) |
With respect to the management of commodities acquired with the government agency operating expenses under
Article 24 of the Management of the National Funds Act and other commodities prescribed by Presidential Decree, part of this Act may be waived, as prescribed by Presidential Decree.
[This Article Wholly Amended by Act No. 9516, Mar. 25, 2009]
ADDENDA
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation.
Article 2 Omitted.
ADDENDA<Act No. 4408, Nov. 30, 1991>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 and 3 Omitted.
ADDENDA<Act No. 4868, Jan. 5, 1995>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 4 Omitted.
ADDENDUM<Act No. 5048, Dec. 29, 1995>
This Act shall enter into force on March 1, 1996.
ADDENDUM<Act No. 5454, Dec. 13, 1997>
This Act shall enter into force on January 1, 1998. (Proviso Omitted.)
ADDENDUM<Act No. 6077, Dec. 31, 1999>
This Act shall enter into force on January 1, 2000.
ADDENDA<Act No. 6461, Apr. 7, 2001>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation.
Articles 2 through 4 Omitted.
ADDENDA<Act No. 6836, Dec. 30, 2002>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2003.
Articles 2 through 7 Omitted.
ADDENDA<Act No. 8047, Oct. 4, 2006>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2007.
Article 2 Omitted.
ADDENDA<Act No. 8050, Oct. 4, 2006>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2007:
Provided, That … <Omitted> …
Article 11 (29) (limited to the relevant provisions of Article 21 of the
Commodity Management Act) of the Addenda to the
National Finance Act shall take effect on January 1, 2008, respectively.
Articles 2 through 12 Omitted.
ADDENDA<Act No. 8852, Feb. 29, 2008>
Article 1 (Enforcement Date)
This Act shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 7 Omitted.
ADDENDA<Act No. 9280, Dec. 31, 2008>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2009.
Articles 2 through 6 Omitted.
ADDENDA<Act No. 9401, Jan. 30, 2009>
Article 1 (Enforcement Date)
This Act shall enter into force six months after the date of its promulgation. (Proviso Omitted.)
Articles 2 through 11 Omitted.
ADDENDA<Act No. 9516, Mar. 25, 2009>
| (1) | (Enforcement Date) This Act shall enter into force six months after the date of its promulgation. |
| (2) | (Transitional Measures) Notwithstanding the amended provisions of
Articles 5 and
21, the former provisions of Articles 5 and 21 shall apply with respect to the classification, etc. of commodities the heads of central government agencies control, until the national accounting standards under Article 11 of the
National Accounting Act enter into effect.
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