10 U.S.C. § 2721: Property records: maintenance on quantitative and monetary basis

Under regulations prescribed by him, the Secretary of Defense shall have the records of the fixed property, installations, major equipment items, and stored supplies of the military departments maintained on both a quantitative and a monetary basis, so far as practicable. to the extent practicable, provide up-to-date information on all items in the inventory of the Department of Defense; indicate whether the inventory of each item is sufficient or excessive in relation to the needs of the Department for that item; and the amounts proposed for each appropriation account in such budget for inventory purchases of the Department of Defense; and the amounts obligated for such inventory purchases out of the corresponding appropriations account for the preceding fiscal year. Congress finds that the use of undercover investigative techniques by the Department of Defense enhances the ability of the Department of Defense to detect and investigate theft of Government property (including munitions) from the Department of Defense supply system. The Secretary of Defense is urged to continue to conduct undercover investigations to detect and investigate thefts referred to in paragraph (1). The Secretary of Defense shall establish and maintain a centralized computer system for recording and organizing information on theft, fraud, and breach of security and incidents involving the loss of Department of Defense supplies (including munitions).”