40 U.S.C. § 543 — Method of disposition
submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 78 words · no verdicts yet
An executive agency authorized to dispose of surplus property may use several kinds of transactions. It may set the transaction’s terms and sign documents needed to complete the disposal.
An executive agency designated or authorized by the Administrator of General Services may dispose of surplus property by sale, exchange, lease, permit, or transfer. It may receive cash, credit, or other property, and may give a warranty or none. It may use terms and conditions the Administrator considers proper. The agency may sign documents transferring title or another property interest and take any other action it considers necessary or proper under this chapter.
An executive agency designated or authorized by the Administrator of General Services to dispose of surplus property may do so by sale, exchange, lease, permit, or transfer, for cash, credit, or other property, with or without warranty, on terms and conditions that the Administrator considers proper. The agency may execute documents to transfer title or other interest in the property and may take other action it considers necessary or proper to dispose of the property under this chapter.
Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1086.)
- 2002Enacted · Pub. L. 107-217 · 116 Stat. 1086
A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-217 on 2002-08-21.
all 0 arguments · sorted by: best
no arguments yet — make the first case