40 USC 124: Agency use of amounts for property management

40 USC 124: Agency use of amounts for property management Text contains those laws in effect on November 24, 2024

From Title 40-PUBLIC BUILDINGS, PROPERTY, AND WORKSSUBTITLE I-FEDERAL PROPERTY AND ADMINISTRATIVE SERVICESCHAPTER 1-GENERALSUBCHAPTER III-ADMINISTRATIVE AND GENERAL

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§124. Agency use of amounts for property management

Amounts appropriated, allocated, or available to a federal agency for purposes similar to the purposes in section 121 of this title or subchapter I (except section 506), II, or III of chapter 5 of this title may be used by the agency for the disposition of property under this subtitle, and for the care and handling of property pending the disposition, if the Director of the Office of Management and Budget authorizes the use.

( Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1071 .)

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
124	40:475(b).	June 30, 1949, ch. 288, title VI, §603(b), formerly §503(b), 63 Stat. 403 ; renumbered [§] 603(b), Sept. 5, 1950, ch. 849, §6(a), (b), 64 Stat. 583 .

The words "heretofore or hereafter" are omitted as unnecessary. The words "Director of the Office of Management and Budget" are substituted for "Director of the Bureau of the Budget" in section 603(b) 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 (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 Section 102 of Reorganization Plan No. 2 of 1970, was repealed by section 5(b) of the Act of September 13, 1982 (Public Law 97–258, 96 Stat. 1085), the first section of which enacted Title 31, United States Code, but the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.