
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: 40USC513]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
       CHAPTER 10--MANAGEMENT AND DISPOSAL OF GOVERNMENT PROPERTY
 
                 SUBCHAPTER III--FOREIGN EXCESS PROPERTY
 
Sec. 513. Proceeds from disposals; foreign currencies; United 
        States currency; disposition
        
    Proceeds from the sale, lease, or other disposition of foreign 
excess property, (a) shall, if in the form of foreign currencies or 
credits, be administered in accordance with procedures that may from 
time to time be established by the Secretary of the Treasury, and (b) 
shall, if in United States currency, or when any proceeds in foreign 
currencies or credits shall be reduced to United States currency, be 
covered into the Treasury as miscellaneous receipts: Provided, That the 
provisions of section 485(b) of this title (which by their terms apply 
to property disposed of under subchapter II of this chapter) shall be 
applicable to proceeds of foreign excess property disposed of for United 
States currency under this subchapter: And provided further, That any 
executive agency disposing of foreign excess property under this 
subchapter (1) may deposit, in a special account with the Treasurer of 
the United States, such amount of the proceeds of such dispositions as 
it deems necessary to permit appropriate refunds to purchasers when any 
disposition is rescinded or does not become final, or payments for 
breach of any warranty, and (2) may withdraw therefrom amounts so to be 
refunded or paid, without regard to the origin of the funds withdrawn.

(June 30, 1949, ch. 288, title IV, Sec. 403, 63 Stat. 398.)

                          Transfer of Functions

    Functions of all officers of Department of the Treasury, and all 
functions of all agencies and employees of that Department, transferred, 
with certain exceptions, to Secretary of the Treasury, with power vested 
in him to authorize their performance or performance of any of his 
functions, by any of those officers, agencies, and employees, by Reorg. 
Plan No. 26 of 1950, Secs. 1, 2, eff. July 31, 1950, 15 F.R. 4935, 64 
Stat. 1280, 1281, set out in the Appendix to Title 5, Government 
Organization and Employees. The Treasurer of the United States, referred 
to in this section, is an officer of Department of the Treasury.
