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 IV - PROCEEDS FROM SALE OR TRANSFER (§§ 571 - 574)
Section 573 - Personal property
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS SUBTITLE I - FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES CHAPTER 5 - PROPERTY MANAGEMENT SUBCHAPTER IV - PROCEEDS FROM SALE OR TRANSFER Sec. 573 - Personal property |
| Contains | section 573 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 107-217, Aug. 21, 2002, 116 Stat. 1107; Pub. L. 109-313, §3(h)(4), Oct. 6, 2006, 120 Stat. 1736. |
| Statutes at Large References | 107 Stat. 1247 116 Stat. 1107 120 Stat. 1736 |
| Public Law References | Public Law 103-123, Public Law 107-217, Public Law 109-313 |
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The Administrator of General Services may retain from the proceeds of sales of personal property the Administrator conducts amounts necessary to recover, to the extent practicable, costs the Administrator (or the Administrator's agent) incurs in conducting the sales. The Administrator shall deposit amounts retained into the Acquisition Services Fund established under section 321(a) of this title. From the amounts deposited, the Administrator may pay direct costs and reasonably related indirect costs incurred in conducting sales of personal property. At least once each year, amounts retained that are not needed to pay the direct and indirect costs shall be transferred from the Acquisition Services Fund to the general fund or another appropriate account in the Treasury.
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1107; Pub. L. 109–313, §3(h)(4), Oct. 6, 2006, 120 Stat. 1736.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 573 | 40:485(i). | June 30, 1949, ch. 288, title II, §204(i), as added Pub. L. 103–123, title IV, §7, Oct. 28, 1993, 107 Stat. 1247. |
2006—Pub. L. 109–313 substituted “Acquisition Services Fund” for “General Supply Fund” in two places.
Effective Date of 2006 AmendmentAmendment by Pub. L. 109–313 effective 60 days after Oct. 6, 2006, see section 6 of Pub. L. 109–313, set out as a note under section 5316 of Title 5, Government Organization and Employees.
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