Public Law 119-73 (01/23/2026)

40 U.S.C. § 124

Agency use of amounts for property management

section 121 of this titleAmounts appropriated, allocated, or available to a federal agency for purposes similar to the purposes in or subchapter I (except section 506), II, or III of chapter 5 of this title may be used by the agency for the disposition of property under this subtitle, and for the care and handling of property pending the disposition, if the Director of the Office of Management and Budget authorizes the use.

Pub. L. 107–217116 Stat. 1071(, , .)

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

124

40:475(b).

June 30, 1949, ch. 288, title VI, § 603(b), formerly § 503(b), 63 Stat. 403; renumbered [§] 603(b), Sept. 5, 1950, ch. 849, § 6(a), (b), 64 Stat. 583.

84 Stat. 2085section 5(b) of the Act of September 13, 1982Public Law 97–25896 Stat. 1085The words “heretofore or hereafter” are omitted as unnecessary. The words “Director of the Office of Management and Budget” are substituted for “Director of the Bureau of the Budget” in section 603(b) of the Federal Property and Administrative Services Act of 1949 because the office of Director of the Bureau of the Budget was redesignated the Director of the Office of Management and Budget by section 102(b) of Reorganization Plan No. 2 of 1970 (). Section 102 of Reorganization Plan No. 2 of 1970, was repealed by (, ), the first section of which enacted Title 31, United States Code, but the successor provision, 31:502, continued the designation as Director of the Office of Management and Budget.