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 574 - Other rules regarding proceeds
View MetadataPublication 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. 574 - Other rules regarding proceeds |
Contains | section 574 |
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. |
Statutes at Large References | 63 Stat. 381, 389 64 Stat. 1280 68 Stat. 1051 93 Stat. 325 116 Stat. 1107, 1062 |
Public Law References | Public Law 96-41, Public Law 107-217 |
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(a)
(1)
(A) not appropriated from the general fund of the Treasury; or
(B) appropriated from the general fund of the Treasury but by law reimbursable from assessment, tax, or other revenue or receipts.
(2)
(A) credited to the applicable reimbursable fund or appropriation; or
(B) paid to the federal agency that determined the property to be excess.
(3)
(4)
(b)
(1)
(A) appropriate refunds to purchasers for dispositions that are rescinded or that do not become final; and
(B) payments for breach of warranty.
(2)
(c)
(d)
(e)
(1) shall administer and manage the credit, lease, or permit, and any security for the credit, lease, or permit; and
(2) may enforce, adjust, and settle any right of the Government with respect to the credit, lease, or permit.
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1107.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
574(a) | 40:485(c). | June 30, 1949, ch. 288, title II, §204(c)–(g), formerly §204(b)–(f), 63 Stat. 389; redesignated §204(c)–(g), Aug. 31, 1954, ch. 1178, §1(a), 68 Stat. 1051; Pub. L. 96–41, §3(d), July 30, 1979, 93 Stat. 325. |
574(b) | 40:485(d). | |
574(c) | 40:485(e). | |
574(d) | 40:485(f). | |
574(e) | 40:485(g). |
In subsection (b)(1), the words “in the Treasury” are substituted for “with the Treasurer of the United States” because of section 1 of Reorganization Plan No. 26 of 1950 (eff. July 31, 1950, 64 Stat. 1280), restated as 31:321.
In subsection (e), the words “or by War Assets Administration (or its predecessor agencies) under the Surplus Property Act of 1944” are omitted because the War Assets Administration was abolished and its functions were transferred to the General Services Administration by section 105 of the Federal Property and Administrative Services Act of 1949 (ch. 288, 63 Stat. 381).
Delegation of FunctionsFunctions of President under subsec. (f) of section 485 of former Title 40, Public Buildings, Property, and Works (which was repealed and reenacted as subsec. (d) of this section by Pub. L. 107–217, §§1, 6(b), Aug. 21, 2002, 116 Stat. 1062, 1304), delegated to Secretary of Defense, see section 3 of Ex. Ord. No. 12626, Feb. 25, 1988, 53 F.R. 6114, set out as a note under section 98 of Title 50, War and National Defense.
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