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.
Section was classified to section 188a–1 of former Title 40, prior to the enactment of Title 40, Public Buildings, Property, and Works, by Pub. L. 107–217, § 1,Aug. 21, 2002, 116 Stat. 1062.
1990—Subsec. (b)(1). Pub. L. 101–302amended par. (1) generally. Prior to amendment, par. (1) read as follows: “upon agreement 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 with which the agreement is made;”.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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