Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a)In general
In carrying out the purposes referred to in section 2081(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 2081(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 2083 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 2081(a) of this title.
Cite this article: FindLaw.com - 2 U.S.C. § 2082 - U.S. Code - Unannotated Title 2. The Congress § 2082. Authority of Commission to accept gifts and conduct other transactions relating to works of fine art and other property - last updated January 01, 2024 | https://codes.findlaw.com/us/title-2-the-congress/2-usc-sect-2082/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)