An Act to authorize the Secretary of Agriculture to permit certain property to be used for State forestry work, and for other purposes
PL 87-492 (H.R.9736), enacted 06/25/1962

76 STAT. ] 
PUBLIC LAW 87-492-JUNE 25, 1962 
107 
tlie purposes of deteiniining depreciated value as of the time that 
the vehicle was first used in the performance of the contract and 
the depreciation which occurs during the performance of the 
contract, such vehicle will be deemed to have a service life of 
seventy-two months and such vehicle will be deemed to uniformly 
depreciate one seventy-second of its original sales price for each 
month. 
"(e) If a contract is altered pursuant to subsection (c), the con-
tractor shall not be entitled to either the indemnity or to the equitable 
allowance provided either in subsection (d) or by terms of his 
contract." 
Approved June 19, 1962. 
Public Law 87-492 
AN ACT 
June 25, 1962 
To authorize the Secretary of Agriculture to permit certain property to be used 
[H. R. 9736] 
for State forestry work, and for other purposes. 
Be it BThacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the Congress 
Agriculture, 
recognizes that for many years the United States and certain States eryfaciiities,""'^' 
have cooperated in the production of tree planting stock for use in the transfer to st'ates. 
reforestation of the public and private lands of the Nation; that the 
program of production of tree planting stock which was initiated 
and pursued under the Soil Bank Act (7 U.S.C. 1801 et seq.) was 
7
0 stat. iss. 
carried on under written agreements which provided for (a) coopera-
tion between the Forest Service, on behalf of the United States, and 
the States which participated in the program, (b) payments to said 
States for costs and expenses incurred in the development of nursery 
facilities, (c) the holding of such funds by the States in trust for the 
purpose of carrying out the provisions of said agreements, and (d) 
restoration to the trust fund of an amount equal to the residual value 
of any supplies, materials, equipment, or improvements acquired or 
constructed with trust funds and transferred to State forestry work 
other than the soil bank program; that such program under said Soil 
Bank Act has been discontinued, but the need for the trees continues 
to be great; that the States and Federal Government are cooperating 
in the procurement, production, and distribution of forest-tree seeds 
and plants under section 4 of the Clarke-McNary Act of June 7, 1924 
(16 I7.S.C. 567), and in the reforestation of lands under title IV of 
63 stat. 909. 
the Agricultural Act of 1956 (16 U.S.C. 568e-^); and that said par- 
70 stat. 207. 
ticipating States need the said supplies, materials, equipment, or im-
provements for use in connection with their respective forestry pro-
grams, and it is in the public interest to permit these States to use 
said property without the requirement that payment be made for the 
residual value thereof. 
SEC.. 2. For the purpose of assisting those States which participated 
in the program carried on under the Soil Bank Act in continuing the 
production of needed tree planting stock and in other forestry pro-
grams, the Secretary of Agriculture is authorized to permit any sup-
•plies, materials, equipment, or improvements acquired or constructed 
with trust funds under the agreements referred to in section 1 to be 
used in such State forestry work as may further the objectives of 
related Federal programs, as he may approve, without the require-
ment that any payment be made by the State into the trust funds. 
Approved June 25, 1962.