40 U.S. Code § 524 - Duties of executive agencies

(a) Required.— Each executive agency shall—
(1) maintain adequate inventory controls and accountability systems for property under its control;
(2) continuously survey property under its control to identify excess property;
(3) promptly report excess property to the Administrator of General Services;
(4) perform the care and handling of excess property; and
(5) transfer or dispose of excess property as promptly as possible in accordance with authority delegated and regulations prescribed by the Administrator.
(b) Required as Far as Practicable.— Each executive agency, as far as practicable, shall—
(1) reassign property to another activity within the agency when the property is no longer required for the purposes of the appropriation used to make the purchase;
(2) transfer excess property under its control to other federal agencies and to organizations specified in section 321 (c)(2) of this title; and
(3) obtain excess property from other federal agencies.

Source

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1084.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
524(a) 40:483(b). June 30, 1949, ch. 288, title II, § 202(b), 63 Stat. 384.
524(b) 40:483(c). June 30, 1949, ch. 288, title II, § 202(c), 63 Stat. 384; July 12, 1952, ch. 703, § 1(g), 66 Stat. 593.

In clause (a)(2), the word “identify” is substituted for “determine which is” to eliminate unnecessary words.
In clause (b)(1), the words “determined to be” are omitted as unnecessary.
OMB Report

Pub. L. 109–396, title IV, § 408,Dec. 15, 2006, 120 Stat. 2720, provided that:
“(a) OMB Report on Surplus and Excess Property.—Not later than 6 months after the date of enactment of this Act [Dec. 15, 2006], the Director of the Office of Management and Budget shall submit a report on surplus and excess government property to Congress including—
“(1) the total value and amount of surplus and excess government property, provided in the aggregate, as well as totaled by agency; and
“(2) a list of the 100 most eligible surplus government properties for sale and how much they are worth.
“(b) Data Sharing Among Federal Agencies.—Not later than 6 months after the date of enactment of this Act [Dec. 15, 2006], the Director of the Office of Management and Budget shall—
“(1) develop and implement procedures requiring Federal agencies to share data on surplus and excess Federal real property under the jurisdiction of each agency; and
“(2) report to Congress on the development and implementation of such procedures.”

 

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