32 U.S.C. § 708 : US Code - Section 708: Property and fiscal officers

Search 32 U.S.C. § 708 : US Code - Section 708: Property and fiscal officers

(a) The Governor of each State, the Commonwealth of Puerto Rico,
Guam, and the Virgin Islands, and the commanding general of the
National Guard of the District of Columbia, shall appoint,
designate or detail, subject to the approval of the Secretary of
the Army and the Secretary of the Air Force, a qualified
commissioned officer of the National Guard of that jurisdiction who
is also a commissioned officer of the Army National Guard of the
United States or the Air National Guard of the United States, as
the case may be, to be the property and fiscal officer of that
jurisdiction. If the officer is not on active duty, the President
may order him to active duty, with his consent, to serve as a
property and fiscal officer.
(b) Each property and fiscal officer shall -
(1) receipt and account for all funds and property of the
United States in the possession of the National Guard for which
he is property and fiscal officer; and
(2) make returns and reports concerning those funds and that
property, as required by the Secretary concerned.
(c) When he ceases to hold that assignment, a property and fiscal
officer resumes his status as an officer of the National Guard.
(d) The Secretaries shall prescribe a maximum grade, commensurate
with the functions and responsibilities of the office, but not
above colonel, for the property and fiscal officer of the United
States for the National Guard of each State, the Commonwealth of
Puerto Rico, the District of Columbia, Guam, and the Virgin
Islands.
(e) The Secretary of the Army and the Secretary of the Air Force
shall prescribe joint regulations necessary to carry out
subsections (a)-(d).
(f) A property and fiscal officer may intrust money to an officer
of the National Guard to make disbursements as his agent. Both the
officer to whom money is intrusted, and the property and disbursing
officer intrusting the money to him, are pecuniarily responsible
for that money to the United States. The agent officer is subject,
for misconduct as an agent, to the liabilities and penalties
prescribed by law in like cases for the property and fiscal officer
for whom he is acting.