(a)Under regulations prescribed under subsection (b), an agency may pay to an employee who transfers in the interest of the Government an amount to encourage the employee to aggressively market the employee’s residence at the official station from which transferred when—
(1)the residence is entered into a relocation services program established under a contract in accordance with section
5724c of this title to arrange for the purchase of the residence;
(2)the employee finds a buyer who completes the purchase of the residence through the program; and
(3)the sale of the residence results in a reduced cost to the Government.
(1)The Administrator of General Services shall prescribe regulations to carry out this section.
(2)The regulations shall include a limitation on the maximum amount payable with respect to an employee’s residence. The Administrator shall establish the limitation in consultation with the Director of the Office of Management and Budget. For fiscal years 1997 and 1998, the maximum amount shall be the amount equal to five percent of the sale price of the residence.
Section effective 180 days after Sept. 23, 1996, see section 1725(a) ofPub. L. 104–201, set out as an Effective Date of 1996 Amendment note under section
5722 of this title.
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.