40 U.S.C. § 522 — Reimbursement for transfer of excess property
submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 169 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Subject to subsections (b) and (c), the Administrator of General Services, with the approval of the Director of the Office of Management and Budget, shall prescribe the amount of reimbursement required for a transfer of excess property.
The amount of reimbursement required for a transfer of excess property is the fair value of the property, as determined by the Administrator, if—
net proceeds are requested under section 574(a) of this title; or
either the transferor or the transferee agency (or the organizational unit affected) is—
subject to chapter 91 of title 31; or
an organization specified in section 321(c)(2) of this title.
Excess property determined by the Administrator to be suitable for distribution through the supply centers of the General Services Administration shall be retransferred at prices set by the Administrator with due regard to prices established under section 321(d) of this title.
Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1083; Pub. L. 109–284, § 6(1), (2), Sept. 27, 2006, 120 Stat. 1212.)
- 2002Enacted · Pub. L. 107-217 · 116 Stat. 1083
- 2006Amended · Pub. L. 109-284 · 120 Stat. 1212
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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