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40 U.S.C. § 1301 - U.S. Code - Unannotated Title 40. Public Buildings, Property, and Works § 1301. Charge of property transferred to the Federal Government

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) In general.--Except as provided in subsection (b), the Administrator of General Services shall have charge of--

(1) all land and other property which has been or may be assigned, set off, or conveyed to the Federal Government in payment of debts;

(2) all trusts created for the use of the Government in payment of debts due the Government; and

(3) the sale and disposal of land--

(A) assigned or set off to the Government in payment of debt; or

(B) vested in the Government by mortgage or other security for the payment of debts.

(b) Nonapplication.--This section does not apply to--

(1) real estate which has been or shall be assigned, set off, or conveyed to the Government in payment of debts arising under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.); or

(2) trusts created for the use of the Government in payment of debts arising under the Code and due the Government.

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Cite this article: FindLaw.com - 40 U.S.C. § 1301 - U.S. Code - Unannotated Title 40. Public Buildings, Property, and Works § 1301. Charge of property transferred to the Federal Government - last updated January 01, 2024 | https://codes.findlaw.com/us/title-40-public-buildings-property-and-works/40-usc-sect-1301/

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