Title 40 › SUBTITLE I — FEDERAL PROPERTY AND ADMINISTRATIVE SERVICES › CHAPTER 5 — PROPERTY MANAGEMENT › SUBCHAPTER III — DISPOSING OF PROPERTY › § 556
The Administrator of General Services can dispose of a U.S. Army Corps of Engineers dredging vessel and related federal equipment if the Secretary of the Army declares the vessel excess under sections 521–527, 529, and 549. The vessel may be sold or leased to a foreign government for Corps technical help, to a federal or state maritime academy for training, or to a non‑federal public body for scientific, educational, or cultural use, or sold only for scrap to domestic or foreign buyers. The vessel cannot be transferred for dredging work inside the United States. Money from any sale or lease must go into the revolving fund authorized by section 101 (9th par.) of the Civil Functions Appropriation Act, 1954 (33 U.S.C. 576), to be used, as appropriation laws allow, for operating and maintaining Corps vessels.
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Public Buildings, Property, and Works, Source: USLM XML via OLRC
Legislative History
Reference
Citation
40 U.S.C. § 556
Title 40, Public Buildings, Property, and Works
Last Updated
Sep 23, 2026
Release point: 119-110