40-U.S.C.-573

§573 – Personal Property

Pathway

Title 40 > Subtitle I > Chapter 5 > Subchapter IV > Section 573

Details

• Reference: Section 573
• Legend: §573 – Personal Property
• USCode Year: 2013

Provision Content

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 Administrators 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.)

Amendments

2006—Pub. L. 109–313 substituted Acquisition Services Fund for General Supply Fund in two places.

Effective Date of 2006 Amendment

Amendment by Pub. L. 109–313 effective 60 days after Oct. 6, 2006, see section 6 of Pub. L. 109–313, set out as a note under section 5316 of Title 5, Government Organization and Employees.

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.

Topic Map

• Browse the Topic Map in relation with Title 40 (Public Buildings, Property, And Works) guided by subject interests.