40 U.S. Code § 704 - Other methods of disposal
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(a) In General.— Foreign excess property not disposed of under section 702 or 703 of this title may be disposed of as provided in this section.
(b) Methods of Disposal.—
(1) Sale, exchange, lease, or transfer.— The head of an executive agency may dispose of foreign excess property by sale, exchange, lease, or transfer, for cash, credit or other property, with or without warranty, under terms and conditions the head of the executive agency considers proper.
(2) Exchange for foreign currency or credit.— If the head of an executive agency determines that it is in the interest of the United States, foreign excess property may be exchanged for—
(c) Advertising.— The head of an executive agency may dispose of foreign excess property without advertising if the head of the executive agency finds that disposal without advertising is the most practicable and advantageous means for the Federal Government to dispose of the property.
Source(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1126.)
|Revised Section||Source (U.S. Code)||Source (Statutes at Large)|
|704||40:512(a).||June 30, 1949, ch. 288, title IV, § 402(a), 63 Stat. 398; Pub. L. 91–426, § 2(a)–(c), Sept. 26, 1970, 84 Stat. 883; Pub. L. 99–627, § 3(a), Nov. 7, 1986, 100 Stat. 3509.|