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2 U.S.C. § 606 — Disposition of surplus or obsolete property

submitted 30 years ago by Pub. L. 104-197 to r/title-2-THE-CONGRESS · 107 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Congressional Budget Office Director may dispose of surplus or obsolete personal property in several ways and reuse the proceeds for operations and replacement property. The rule applies after September 30, 1996.

(a) Within available appropriations, the Congressional Budget Office Director may dispose of surplus or obsolete personal property by transferring it to another agency, donating it, selling it, trading it in, or discarding it. Money received from a sale or trade-in must be credited to funds available for CBO operations and may be used to acquire the same or similar property. The money is available for those purposes during the fiscal year received and the next fiscal year. (b) This subsection applies to fiscal years beginning after September 30, 1996.
the actual law source: uscode.house.gov ↗public domain
(a)

The Director of the Congressional Budget Office shall have the authority, within the limits of available appropriations, to dispose of surplus or obsolete personal property by inter-agency transfer, donation, sale, trade-in, or discarding. Amounts received for the sale or trade-in of personal property shall be credited to funds available for the operations of the Congressional Budget Office and be available for the costs of acquiring the same or similar property. Such funds shall be available for such purposes during the fiscal year in which received and the following fiscal year.

(b)

Subsection (a) shall apply with respect to fiscal years beginning after September 30, 1996.

Source credit: (Pub. L. 104–197, title I, § 105, Sept. 16, 1996, 110 Stat. 2404; Pub. L. 107–68, title I, § 126, Nov. 12, 2001, 115 Stat. 577.)

history & why it existsrecord from the source credit
  • 1996Enacted · Pub. L. 104-197 · 110 Stat. 2404
  • 2001Amended · Pub. L. 107-68 · 115 Stat. 577

A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-197 on 1996-09-16.

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