An Act to authorize the disposal of industrial diamond stones from the national stockpile and the supplemental stockpile
PL 89-723 (H.R.13320), enacted 11/02/1966

80 STAT. ] 
PUBLIC LAW 89-724-NOV. 2, 1966 
1153 
taxable year ending before October 22, 1965, is not prevented on 
December 31,1966, by the operation of any law or rule of law, 
then such deduction on account of such debt obligations shall be 
allowed for each such taxable year under such section 166(c) to tlie 
extent that the deduction would have been allowable under the pro-
visions of such section 166(g)(1)(A) if such provisions applied to 
such taxable years. 
(c) Section 166(g)(2) of the Internal Revenue Code of 1954 (as 
amended by the first section of this Act) shall apply to taxable years 
beginning after December 31,1953, and ending after August 16,1954. 
Approved November 2, 1966. 
Public Law 89-723 
A N A C T 
November 2, 1966 
To authorize the disposal of industrial diamond stones from the national stock- 
[H. R.13320] 
pile and the supplemental stockpile. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the Adminis- 
industrial dia-
trator of General Services is hereby authorized to dispose of, by nego- ^oisp^osar.^ 
tiation or otherwise, approximately one million and eight hundred 
thousand carats of industrial diamond stones now held in the national 
stockpile established pursuant to the Strategic and Critical Materials 
Stock Piling Act (50 U.S.C. 98-98h) and the supplemental stockpile 
^o stat. 596. 
established pursuant to section 104(b) of the Agricultural Trade 
Development and Assistance Act of 1954, as amended (7 U.S.C. 1704 
(b)). 
Such disposition may be made without regard to the provisions 
^^ stat. eo?. 
of section 3 of the Strategic and Critical Materials Stock Piling Act: 
Provided^ That the time and method of disposition shall be fixed with 
due regard to the protection of the United States against avoidable 
loss and the protection of producers, processors, and consumers against 
avoidable disruption of their usual markets. 
Approved November 2, 1966. 
Public Law 89-724 
A N A C T 
November 2, 1966 
To ;intlii»ri/,e the dispo-sal of fused crude iiluminuni oxide from the nntional 
[H. R. 13370] 
stockpile !ind the supplemental stockjHle. 
Be it enacted by the Senate arid House of tiep-re-sentatires of the. 
United States of America in Congress asse/mbUd^ That the Adminis- 
Fused crude 
trator of (xeneral Services is hereby authorized to dis})ose of, by ^ DTSPOSL°.^^ 
negotiation or otherwise, approximately one hundred and thirty thou-
sand short tons of fused crude aluminum oxide now lield in the 
national stockpile established pursuant to the Strategic and (^ritical 
Materials Stock Piling Act (50 U.S.C. 98-98h) and the supplemental 
^o stat. 596. 
stockpile established pursuant to section 104(b) of the Agricultural 
Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 
1704(b)). 
Snch disposition may be made without regard to the pro- 
'^^ ^'^'- ^°^-
visions of section 3 of the Strategic and Critical Materials Stock 
Piling Act: Prodded, That the time and method of disposition shall 
be fixed with due regard to the protection of the Ignited States against 
avoidable loss and the protection of producers, processors, and con-
sumers against avoidable disruption of their usual markets. 
Approved November 2, 1966.