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Code · U.S. Code · Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS · CHAPTER 5— PROPERTY MANAGEMENT · SUBCHAPTER IV— PROCEEDS FROM SALE OR TRANSFER · § 573

§ 573. Personal property

196 words·~1 min read·/usc/title-40/section-573

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Administrator of General Services may retain from the proceeds of sales of personal property the Administrator conducts amounts necessary to recover, to the extent practicable, costs the Administrator (or the Administrator’s agent) incurs in conducting the sales. The Administrator shall deposit amounts retained into the Acquisition Services Fund established under section 321(a) of this title. From the amounts deposited, the Administrator may pay direct costs and reasonably related indirect costs incurred in conducting sales of personal property.
At least once each year, amounts retained that are not needed to pay the direct and indirect costs shall be transferred from the Acquisition Services Fund to the general fund or another appropriate account in the Treasury.
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1107; Pub. L. 109–313, § 3(h)(4), Oct. 6, 2006, 120 Stat. 1736.)
Connections2 cite this · traces to 2
Cited by 2 sections · top 1
6 references not yet in our index
  • Pub. L. 107–217
  • 116 Stat. 1107
  • Pub. L. 109–313, § 3(h)(4)
  • 120 Stat. 1736
  • Pub. L. 109–313
  • section 6 of Pub. L. 109–313
Citation graph
cites case law
§ 573
Personal property
Fed. Reg.×2
Pub. L.Pub. L. 107–217
Stat.116 Stat. 1107
Pub. L.Pub. L. 109–313, § 3(h)(4)
Stat.120 Stat. 1736
Pub. L.Pub. L. 109–313
Cites 8 · showing 7Cited by 2 across 1 source
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