§ 5756. Home marketing incentive payment
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/usc/title-5/section-5756A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Under regulations prescribed under subsection (b), an agency may pay to an employee who transfers in the interest of the Government an amount to encourage the employee to aggressively market the employee’s residence at the official station from which transferred when—
(1)the residence is entered into a relocation services program established under a contract in accordance with section 5724c of this title to arrange for the purchase of the residence;
(2)the employee finds a buyer who completes the purchase of the residence through the program; and
(3)the sale of the residence results in a reduced cost to the Government.
(1)The Administrator of General Services shall prescribe regulations to carry out this section.
(2)The regulations shall include a limitation on the maximum amount payable with respect to an employee’s residence. The Administrator shall establish the limitation in consultation with the Director of the Office of Management and Budget. For fiscal years 1997 and 1998, the maximum amount shall be the amount equal to five percent of the sale price of the residence.
(Added Pub. L. 104–201, div. A, title XVII, § 1717, Sept. 23, 1996, 110 Stat. 2757.)
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Cited by 4 sections
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- Pub. L. 104–201, div. A, title XVII, § 1717
- 110 Stat. 2757
- section 1725(a) of Pub. L. 104–201
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§ 5756
Home marketing incentive payment
Fed. Reg.×4
Pub. L.Pub. L. 104–201, div. A, title XVII, § 1717
Stat.110 Stat. 2757
Pub. L.section 1725(a) of Pub. L. 104–201
Cites 5Cited by 4 across 1 source