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Title 40, Public Buildings, Property, and WorksRelease 119-110

§1301 Charge of Property Transferred to the Federal Government

Title 40 › SUBTITLE I — FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES › CHAPTER 13 — PUBLIC PROPERTY › § 1301

Last updated Sep 22, 2026|Official source

Summary

The head of the General Services Administration must take care of federal land and other property that was given to the United States to pay a debt, and of trusts set up to pay debts owed to the Government. The GSA also handles selling or disposing of such land, including property gained through mortgages or other security. This does not cover real estate or trusts tied to debts under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.).

Full Legal Text

Title 40, §1301

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

(a)In General.—
Except as provided in subsection (b), the Administrator of General Services shall have charge of— (1)
(2)all trusts created for the use of the Government in payment of debts due the Government; and
(3)the sale and disposal of land—
(A)assigned or set off to the Government in payment of debt; or
(B)vested in the Government by mortgage or other security for the payment of debts.
(b)Nonapplication.—
This section does not apply to—
(1)real estate which has been or shall be assigned, set off, or conveyed to the Government in payment of debts arising under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.); or
(2)trusts created for the use of the Government in payment of debts arising under the Code and due the Government.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 130140:301.R.S. § 3750; Pub. L. 89–30, § 2, June 2, 1965, 79 Stat. 119. In subsection (a), the words “Except as provided in subsection (b)” are added for clarity. In subsection (b)(1), the words “the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.)” are substituted for “the internal-revenue laws” for clarity and for consistency in the revised title and with other titles of the United States Code.

Editorial Notes

References in Text

The Internal Revenue Code of 1986, referred to in subsec. (b)(1), is classified to Title 26, Internal Revenue Code.

Reference

Citations & Metadata

Citation

40 U.S.C. § 1301

Title 40, Public Buildings, Property, and Works

Last Updated

Sep 22, 2026

Release point: 119-110