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10 U.S.C. § 8763 — Useless ordnance material: disposition of proceeds on sale

submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 21 words · no verdicts yet

in plain englishAI-generated · not legal advice

Money the Navy makes from selling useless ordnance material must go into the U.S. Treasury.

When the Department of the Navy sells useless ordnance material, the net proceeds must be deposited into the Treasury.
the actual law source: uscode.house.gov ↗public domain

The net proceeds of sales of useless ordnance material by the Department of the Navy shall be covered into the Treasury.

Source credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 465, § 7543; renumbered § 8763, Pub. L. 115–232, div. A, title VIII, § 807(d)(8), Aug. 13, 2018, 132 Stat. 1836.)

history & why it existsrecord from the source credit
  • 1956Enacted · Act of Aug. 10, 1956, ch. 1041
  • 2018Amended · Pub. L. 115-232 · 132 Stat. 1836

A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.

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