§522 — Title 40 Public Buildings, Property, and Works | U.S. Code

Summary

The head of the General Services Administration, with approval from the head of the Office of Management and Budget, must set the price charged when excess federal property is transferred. If net proceeds are requested under section 574(a), or if either agency is covered by chapter 91 of title 31 or listed in section 321(c)(2), the price must be the fair value. If GSA decides the property should go through its supply centers, GSA will retransfer it at prices it sets, taking into account prices under section 321(d).

Title 40, §522

Public Buildings, Property, and Works — Source: USLM XML via OLRC

(a)Subject to subsections (b) and (c), the Administrator of General Services, with the approval of the Director of the Office of Management and Budget, shall prescribe the amount of reimbursement required for a transfer of excess property.

(b)The amount of reimbursement required for a transfer of excess property is the fair value of the property, as determined by the Administrator, if—

(1)net proceeds are requested under section 574(a) of this title; or

(2)either the transferor or the transferee agency (or the organizational unit affected) is—

(A)subject to chapter 91 of title 31; or

(B)an organization specified in section 321(c)(2) of this title.

(c)Excess property determined by the Administrator to be suitable for distribution through the supply centers of the General Services Administration shall be retransferred at prices set by the Administrator with due regard to prices established under section 321(d) of this title.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 52240:483(a)(1) (last sentence).June 30, 1949, ch. 288, title II, § 202(a)(1) (last sentence), 63 Stat. 384; July 12, 1952, ch. 703, § 1(f), 66 Stat. 593. In subsection (a), the words “Director of the Office of Management and Budget” are substituted for “Director of the Bureau of the Budget” in section 202(a)(1) (last sentence) of the Federal Property and Administrative Services Act of 1949 because the office of Director of the Bureau of the Budget was redesignated the Director of the Office of Management and Budget by section 102(b) of Reorganization Plan No. 2 of 1970 (eff. July 1, 1970, 84 Stat. 2085). section 102 of Reorganization Plan No. 2 of 1970, was repealed by section 5(b) of the Act of September 13, 1982 (Public Law 97–258, 96 Stat. 1085), the first section of which enacted Title 31, United States Code, but the successor provision, 31:502, continued the designation as Director of the Office of Management and Budget. In subsection (b)(1), the reference to “section 204(b)” in section 202(a)(1) (last sentence) of the Federal Property and Administrative Services Act of 1949 is translated as a reference to section 204(c) of the Act because subsection (b) was redesignated as (c) by the Act of August 31, 1954 (ch.1178, 68 Stat. 1051). In subsection (b)(2)(A), the words “chapter 91 of title 31” are substituted for “the Government Corporation Control Act (59 Stat. 597, 31 U.S.C. 841)” in section 202(a)(1) (last sentence) of the Federal Property and Administrative Services Act of 1949 because of section 4(b) of the Act of September 13, 1982 (Public Law 97–258, 96 Stat. 1067), the first section of which enacted Title 31, United States Code. In subsection (c), the word “at” is substituted for “as” (in the phrase “as [sic] prices set by the Administrator”) to reflect the probable intent of Congress. See

Senate Report No. 2075

, dated July 2, 1952 (United States Code Congressional and Administrative News, 82nd Congress, 2d Session, 1952, Volume 2, p. 2123).

Editorial Notes

Amendments

2006—Subsec. (a). Pub. L. 109–284, § 6(1), struck out “of this section” after “subsections (b) and (c)”. Subsec. (b). Pub. L. 109–284, § 6(2), substituted “at” for “At” in heading.

§522 Reimbursement for transfer of excess property