
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 40USC485a]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
       CHAPTER 10--MANAGEMENT AND DISPOSAL OF GOVERNMENT PROPERTY
 
                   SUBCHAPTER II--PROPERTY MANAGEMENT
 
Sec. 485a. Payment of expenses of sales from proceeds

    Subject to applicable regulations under the Federal Property and 
Administrative Services Act of 1949, as amended [40 U.S.C. 471 et seq.], 
from the proceeds of sales of old material, condemned stores, supplies, 
or other public property of any kind, before being deposited into the 
Treasury, either as miscellaneous receipts on account of ``proceeds of 
Government property'' or to the credit of the appropriations to which 
such proceeds are by law authorized to be made, there may be paid the 
expenses of such sales so as to require only the net proceeds of such 
sales to be deposited into the Treasury, either as miscellaneous 
receipts or to the credit of such appropriations, as the case may be.

(June 8, 1896, ch. 373, 29 Stat. 268; Oct. 31, 1951, ch. 654, 
Sec. 2(20), 65 Stat. 707; Pub. L. 104-316, title I, Sec. 120(a), Oct. 
19, 1996, 110 Stat. 3836.)

                       References in Text

    The Federal Property and Administrative Services Act of 1949, 
referred to in text, is act June 30, 1949, ch. 288, 63 Stat. 377, as 
amended. Provisions of the Act relating to management and disposal of 
government property are classified to this chapter. For complete 
classification of this Act to the Code, see Short Title note set out 
under section 471 of this title and Tables.

                          Codification

    Section was a provision of the Deficiency Appropriation Act for the 
fiscal year 1896.
    Section was formerly classified to section 489 of Title 31 prior to 
the general revision and enactment of Title 31, Money and Finance, by 
Pub. L. 97-258, Sec. 1, Sept. 13, 1982, 96 Stat. 877.


                               Amendments

    1996--Pub. L. 104-316 struck out ``, as approved by the accounting 
officers of the Treasury,'' before ``so as to require''.
    1951--Act Oct. 31, 1951, inserted reference to applicable 
regulations of Federal Property and Administrative Services Act of 1949, 
as amended.

                  Section Referred to in Other Sections

    This section is referred to in title 38 section 8165.
