40-U.S.C.-571
§571 – General Rules For Deposit and Use of Proceeds
Pathway
Title 40 > Subtitle I > Chapter 5 > Subchapter IV > Section 571
Details
- Reference: Section 571
- Legend: §571 – General Rules For Deposit and Use of Proceeds
- USCode Year: 2013
Provision Content
(a) Deposit in Treasury as Miscellaneous Receipts.—
(1) In general.—Except as otherwise provided in this subchapter, proceeds described in paragraph (2) shall be deposited in the Treasury as miscellaneous receipts.
(2) Proceeds.—The proceeds referred to in paragraph (1) are proceeds under this chapter from a—
(A) transfer of excess property to a federal agency for agency use; or
(B) sale, lease, or other disposition of surplus property.
(b) Payment of Expenses of Sale Before Deposit.—Subject to regulations under this subtitle, the expenses of the sale of old material, condemned stores, supplies, or other public property may be paid from the proceeds of sale so that only the net proceeds are deposited in the Treasury. This subsection applies whether proceeds are deposited as miscellaneous receipts or to the credit of an appropriation as authorized by law.
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1104.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 571(a) | 40:485(a). | June 30, 1949, ch. 288, title II, §204(a), 63 Stat. 388; Pub. L. 101–510, div. B, title XXVIII, §2805(1), Nov. 5, 1990, 104 Stat. 1786. |
| 571(b) | 40:485a. | June 8, 1896, ch. 373, 29 Stat. 268; Oct. 31, 1951, ch. 654, §2(20), 65 Stat. 707; Pub. L. 104–316, title I, §120(a), Oct. 19, 1996, 110 Stat. 3836. |
In subsection (b), the words whether proceeds are deposited as miscellaneous receipts or to the credit of an appropriation as authorized by law are substituted for either as miscellaneous receipts on account of ‘proceeds of Government property’ or to the credit of the appropriations to which such proceeds are by law authorized to be made . . . either as miscellaneous receipts or to the credit of such appropriations, as the case may be to eliminate unnecessary words.
U.S. Encyclopedia of Law Coverage
40-U.S.C.-548 in the Legal Encyclopedia: Public Property
In this entry about 40-U.S.C.-548, find legal reference material, bibliographies and premiere content related to public property in the American Encyclopedia of Law, presenting a comprehensive view of the United States public property-specific issues, written by authorities in the field.
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