2 U.S.C. § 2082: Authority of Commission to…

Summary

Allows the Commission to take gifts of fine art, other property, and money, and to buy, manage, sell, or otherwise handle property to carry out the goals in section 2081(a). When the Commission receives art or property, it must consult the Joint Committee on the Library, the Senate Commission on Art, or the House of Representatives Fine Arts Board and transfer items to them when appropriate. If transfer is not suitable, the Commission must sell or otherwise dispose of the item. Property not tied to section 2081(a) must be sold or disposed. The Commission must accept money only as checks or similar payments made out to the U.S. Treasury and deposited under section 2083, consider market conditions when selling, and make sure every transaction directly supports the purposes in section 2081(a).

Title 2, §2082

The Congress, Source: USLM XML via OLRC

(a)In general

In carrying out the purposes referred to in section 2081(a) of this title the Commission is authorized—

(1)to accept gifts of works of fine art, gifts of other property, and gifts of money; and

(2)to acquire property, administer property, dispose of property, and conduct other transactions related to such purposes.

(b)Transfer and disposition of works of fine art and other property

The Commission shall, with respect to works of fine art and other property received by the Commission—

(1)in consultation with the Joint Committee on the Library, the Senate Commission on Art, or the House of Representatives Fine Arts Board, as the case may be, transfer such property to the entity consulted;

(2)if a transfer described in paragraph (1) is not appropriate, dispose of the work of fine art by sale or other transaction; and

(3)in the case of property that is not directly related to the purposes referred to in section 2081(a) of this title, dispose of such property by sale or other transaction.

(c)Requirements for conduct of transactions

In conducting transactions under this section, the Commission shall—

(1)accept money only in the form of a check or similar instrument made payable to the Treasury of the United States and shall deposit any such check or instrument in accordance with section 2083 of this title;

(2)in making sales and engaging in other property transactions, take into consideration market conditions and other relevant factors; and

(3)assure that each transaction is directly related to the purposes referred to in section 2081(a) of this title.

Notes & Related Subsidiaries

Editorial Notes

Codification Section was classified to section 188a–1 of former Title 40, prior to the enactment of Title 40, Public Buildings, Property, and Works, by Pub. L. 107–217, § 1, Aug. 21, 2002, 116 Stat. 1062.

Amendments

1990—Subsec. (b)(1). Pub. L. 101–302 amended par. (1) generally. Prior to amendment, par. (1) read as follows: “upon agreement with the Joint Committee on the Library, the Senate Commission on Art, or the House of Representatives Fine Arts Board, as the case may be, transfer such property to the entity with which the agreement is made;”.

§2082 Authority of Commission to Accept Gifts and Conduct Other Transactions Relating to Works of Fine Art and Other Property

Summary

Title 2, §2082

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata