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40 U.S.C. § 124Agency use of amounts for property management

submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 74 words · no verdicts yet

in plain englishAI-generated · not legal advice

A federal agency can use money it already has for property-management purposes similar to those in section 121, or under certain other listed chapters, to instead dispose of surplus property and to care for that property while it's being disposed of — but only if the Office of Management and Budget's Director authorizes that use.

This section lets agencies redirect existing funds toward disposing of property. Money that has been appropriated, allocated, or made available to a federal agency for purposes similar to those in section 121 of this title, or under subchapter I (except section 506), II, or III of chapter 5 of this title, may be used by that agency for disposing of property under this subtitle, and for taking care of and handling that property while disposal is pending — but only if the Director of the Office of Management and Budget authorizes that use. The section has no lettered subsections.
the actual law source: uscode.house.gov ↗public domain

Amounts appropriated, allocated, or available to a federal agency for purposes similar to the purposes in section 121 of this title or subchapter I (except section 506), II, or III of chapter 5 of this title may be used by the agency for the disposition of property under this subtitle, and for the care and handling of property pending the disposition, if the Director of the Office of Management and Budget authorizes the use.

Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1071.)

history & why it existsrecord from the source credit
  • 2002Enacted · Pub. L. 107-217 · 116 Stat. 1071

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-217 on 2002-08-21.

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