40 U.S.C. § 1309 — Preservation, sale, or collection of wrecked, abandoned, or derelict property
submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 130 words · no verdicts yet
The Administrator of General Services may arrange for preserving, selling, or collecting wrecked, abandoned, or derelict property that should come to the Federal Government. Compensation may be paid to people who provide information or handle the property, but Government costs under each agreement cannot exceed the Government’s receipts.
The Administrator of General Services may make contracts and set terms for preserving, selling, or collecting property, or the proceeds from property, that has been wrecked, abandoned, or become derelict. The Administrator may do this when it is in the Federal Government’s interest, the property is within U.S. jurisdiction, and the property should come to the Government. A contract may provide compensation that the Administrator considers just and reasonable to a person who gives information about the property or who preserves, collects, surrenders, or pays over the property. Under each specific agreement for obtaining, preserving, collecting, or receiving property, or making property available, the Government’s chargeable costs or claims cannot exceed the amounts the Government realizes and receives.
The Administrator of General Services may make contracts and provisions for the preservation, sale, or collection of property, or the proceeds of property, which may have been wrecked, been abandoned, or become derelict, if the Administrator considers the contracts and provisions to be in the interest of the Federal Government and the property is within the jurisdiction of the United States and should come to the Government. A contract may provide compensation the Administrator considers just and reasonable to any person who gives information about the property or actually preserves, collects, surrenders, or pays over the property. Under each specific agreement for obtaining, preserving, collecting, or receiving property or making property available, the costs or claim chargeable to the Government may not exceed amounts realized and received by the Government.
Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1137.)
- 2002Enacted · Pub. L. 107-217 · 116 Stat. 1137
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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