2011 US Code
Title 40 - Public Buildings, Property, and Works
Subtitle I - FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES (§§ 101 - 1315)
Chapter 5 - PROPERTY MANAGEMENT (§§ 501 - 611)
Subchapter III - DISPOSING OF PROPERTY (§§ 541 - 559)
Section 552 - Abandoned or unclaimed property on Government premises

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Metadata
Publication TitleUnited States Code, 2006 Edition, Supplement 5, Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS
SUBTITLE I - FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES
CHAPTER 5 - PROPERTY MANAGEMENT
SUBCHAPTER III - DISPOSING OF PROPERTY
Sec. 552 - Abandoned or unclaimed property on Government premises
Containssection 552
Date2011
Laws in Effect as of DateJanuary 3, 2012
Positive LawYes
Dispositionstandard
Source CreditPub. L. 107-217, Aug. 21, 2002, 116 Stat. 1099; Pub. L. 109-284, §6(3), Sept. 27, 2006, 120 Stat. 1212.
Statutes at Large References63 Stat. 388
69 Stat. 430
116 Stat. 1099
120 Stat. 1212
Public Law ReferencesPublic Law 107-217, Public Law 109-284

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40 USC § 552 (2011)
§552. Abandoned or unclaimed property on Government premises

(a) Authority To Take Property.—The Administrator of General Services may take possession of abandoned or unclaimed property on premises owned or leased by the Federal Government and determine when title to the property vests in the Government. The Administrator may use, transfer, or otherwise dispose of the property.

(b) Claim Filed by Former Owner.—If a former owner files a proper claim within three years from the date that title to the property vests in the Government, the former owner shall be paid an amount—

(1) equal to the proceeds realized from the disposition of the property less costs incident to care and handling as determined by the Administrator; or

(2) if the property has been used or transferred, equal to the fair value of the property as of the time title vested in the Government less costs incident to care and handling as determined by the Administrator.

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1099; Pub. L. 109–284, §6(3), Sept. 27, 2006, 120 Stat. 1212.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
552 40:484(m). June 30, 1949, ch. 288, title II, §203(m), formerly §203(l), 63 Stat. 388; redesignated §203(m), Aug. 1, 1955, ch. 442, 69 Stat. 430.
Amendments

2006—Subsec. (a). Pub. L. 109–284 substituted “(a) Authority To Take Property.—The Administrator” for “(a) Authority To Take Property Administrator”.

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