Title 40 — Public Buildings, Property, and WorksRelease 119-73not60
§543 Method of Disposition
Title 40 › Subtitle SUBTITLE I— FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES › Chapter 5— PROPERTY MANAGEMENT › Subchapter III— DISPOSING OF PROPERTY › § 543
Summary
An agency approved by the GSA Administrator may sell, trade, lease, permit, or transfer surplus property for cash, credit, or other property on terms the Administrator approves. The agency may sign papers to transfer title.
Full Legal Text
Title 40, §543
Public Buildings, Property, and Works — Source: USLM XML via OLRC
An executive agency designated or authorized by the Administrator of General Services to dispose of surplus property may do so by sale, exchange, lease, permit, or transfer, for cash, credit, or other property, with or without warranty, on terms and conditions that the Administrator considers proper. The agency may execute documents to transfer title or other interest in the property and may take other action it considers necessary or proper to dispose of the property under this chapter.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 54340:484(c).June 30, 1949, ch. 288, title II, § 203(c), 63 Stat. 385.
Reference
Citations & Metadata
Citation
40 U.S.C. § 543
Title 40 — Public Buildings, Property, and Works
Last Updated
Apr 5, 2026
Release point: 119-73not60