
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 40USC188a-1]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
                 CHAPTER 2--CAPITOL BUILDING AND GROUNDS
 
Sec. 188a-1. Authority of Commission to accept gifts and conduct 
        other transactions relating to works of fine art and other 
        property
        

(a) In general

    In carrying out the purposes referred to in section 188a(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 188a(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 188a-2 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 188a(a) of this title.

(Pub. L. 100-696, title VIII, Sec. 802, Nov. 18, 1988, 102 Stat. 4609; 
Pub. L. 101-302, title III, Sec. 312(a), May 25, 1990, 104 Stat. 245.)


                               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;''.

                  Section Referred to in Other Sections

    This section is referred to in sections 188a, 188a-2, 188a-5, 188c-1 
of this title.
