2019 US Code
Title 40 - Public Buildings, Property, and Works
Subtitle I - Federal Property and Administrative Services
Chapter 5 - Property Management
Subchapter III - Disposing of Property
Sec. 543 - Method of disposition

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Citation 40 U.S.C. § 543 (2019)
Section Name §543. Method of disposition
Section Text

An executive agency designated or authorized by the Administrator of General Services to dispose of surplus property may do so by sale, exchange, lease, permit, or transfer, for cash, credit, or other property, with or without warranty, on terms and conditions that the Administrator considers proper. The agency may execute documents to transfer title or other interest in the property and may take other action it considers necessary or proper to dispose of the property under this chapter.

Source Credit

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1086.)

Editorial Notes
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
543 40:484(c). June 30, 1949, ch. 288, title II, §203(c), 63 Stat. 385.
Publication Title United States Code, 2018 Edition, Supplement 1, 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 III - DISPOSING OF PROPERTY
Sec. 543 - Method of disposition
Contains section 543
Date 2019
Laws In Effect As Of Date January 24, 2020
Positive Law Yes
Disposition standard
Statutes at Large References 63 Stat. 385
116 Stat. 1086
Public Law References Public Law 107-217
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