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40 U.S.C. § 571 — General rules for deposit and use of proceeds

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
  1. (a)Deposit in Treasury as Miscellaneous Receipts
    1. (1)In generalExcept as otherwise provided in this subchapter, proceeds described in paragraph (2) shall be deposited in the Treasury as miscellaneous receipts.
    2. (2)ProceedsThe proceeds referred to in paragraph (1) are proceeds under this chapter from a—
      1. (A)transfer of excess property to a federal agency for agency use; or
      2. (B)sale, lease, or other disposition of surplus property.
  2. (b)Payment of Expenses of Sale Before DepositSubject to regulations under this subtitle, the expenses of the sale of old material, condemned stores, supplies, or other public property may be paid from the proceeds of sale so that only the net proceeds are deposited in the Treasury. This subsection applies whether proceeds are deposited as miscellaneous receipts or to the credit of an appropriation as authorized by law.