2 U.S.C. § 149a — Permitting use of proceeds from disposition of surplus or obsolete personal property

FEDERAL · 2 U.S.C. · Chapter 5

Permitting use of proceeds from disposition of surplus or obsolete personal property

Current through Pub. L. 119-102

Title 2 — The Congress·Ch. 5 — LIBRARY OF CONGRESS

(a)Disposition of property Within the limits of available appropriations, the Librarian of Congress may dispose of surplus or obsolete personal property of the Library of Congress by interagency transfer, donation, sale, trade-in, or other appropriate method.

(b)Use of proceeds Any amounts received by the Librarian of Congress from the disposition of property under subsection (a) shall be credited to the funds available for the operations of the Library of Congress, and shall be available to acquire the same or similar property during the fiscal year in which the amounts are received and the following fiscal year.

(c)Effective date This section shall apply with respect to fiscal year 2012 and each succeeding fiscal year.

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(a) Disposition of property
Within the limits of available appropriations, the Librarian of Congress may dispose of surplus or obsolete personal property of the Library of Congress by interagency transfer, donation, sale, trade-in, or other appropriate method.
(b) Use of proceeds
Any amounts received by the Librarian of Congress from the disposition of property under subsection (a) shall be credited to the funds available for the operations of the Library of Congress, and shall be available to acquire the same or similar property during the fiscal year in which the amounts are received and the following fiscal year.
(c) Effective date
This section shall apply with respect to fiscal year 2012 and each succeeding fiscal year.

2 U.S.C. § 149a (Permitting use of proceeds from disposition of surplus or obsolete personal property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 112–74, div. G, title I, §1304, Dec. 23, 2011, 125 Stat. 1132.)

Editorial Notes

Editorial Notes

Codification
Section is from the Legislative Branch Appropriations Act, 2012, which is div. G of the Consolidated Appropriations Act, 2012.