40 U.S.C. § 571 — General rules for deposit and use of proceeds
submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 141 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Except as otherwise provided in this subchapter, proceeds described in paragraph (2) shall be deposited in the Treasury as miscellaneous receipts.
The proceeds referred to in paragraph (1) are proceeds under this chapter from a—
transfer of excess property to a federal agency for agency use; or
sale, lease, or other disposition of surplus property.
Subject to regulations under this subtitle, the expenses of the sale of old material, condemned stores, supplies, or other public property may be paid from the proceeds of sale so that only the net proceeds are deposited in the Treasury. This subsection applies whether proceeds are deposited as miscellaneous receipts or to the credit of an appropriation as authorized by law.
Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1104; Pub. L. 114–287, § 20(a), Dec. 16, 2016, 130 Stat. 1477; Pub. L. 114–318, § 7(c)(1), Dec. 16, 2016, 130 Stat. 1616.)
- 2002Enacted · Pub. L. 107-217 · 116 Stat. 1104
- 2016Amended · Pub. L. 114-287 · 130 Stat. 1477
- 2016Amended · Pub. L. 114-318 · 130 Stat. 1616
A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-217 on 2002-08-21.
all 0 arguments · sorted by: best
no arguments yet — make the first case