# § 571. General rules for deposit and use of proceeds
**(a)** **Deposit in Treasury as Miscellaneous Receipts.—**
**(1)** **In general.—** Except as otherwise provided in this subchapter, proceeds described in paragraph (2) shall be deposited in the Treasury as miscellaneous receipts.
**(2)** **Proceeds.—** The proceeds referred to in paragraph (1) are proceeds under this chapter from a—
**(A)** transfer of excess property to a federal agency for agency use; or
**(B)** sale, lease, or other disposition of surplus property.
**(b)** **Payment of Expenses of Sale Before Deposit.—** Subject 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.
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**Source Credit**: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1104; Pub. L. 114–287, § 20(a), Dec. 16, 2016, 130 Stat. 1477; Pub. L. 114–318, § 7(c)(1), Dec. 16, 2016, 130 Stat. 1616.)
### Amendment of Section
, , , as amended by , , , which Act is set out as a note under , provided that, effective on the date on which the Public Buildings Reform Board transmits the second report under and applicable to proceeds from transactions contained in that report and conducted after the date on which the Board terminates under , this section is amended by striking subsections (a) and (b) and inserting the following:
, , , provided that, effective as if enacted as part of , this section is amended by adding at the end the following:
See 2016 Amendment notes below.
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 571(a) | 40:485(a). | June 30, 1949, ch. 288, title II, § 204(a), 63 Stat. 388; Pub. L. 101–510, div. B, title XXVIII, § 2805(1), Nov. 5, 1990, 104 Stat. 1786. |
| 571(b) | 40:485a. | June 8, 1896, ch. 373, 29 Stat. 268; Oct. 31, 1951, ch. 654, § 2(20), 65 Stat. 707; Pub. L. 104–316, title I, § 120(a), Oct. 19, 1996, 110 Stat. 3836. |
In subsection (b), the words “whether proceeds are deposited as miscellaneous receipts or to the credit of an appropriation as authorized by law” are substituted for “either as miscellaneous receipts on account of ‘proceeds of Government property’ or to the credit of the appropriations to which such proceeds are by law authorized to be made . . . either as miscellaneous receipts or to the credit of such appropriations, as the case may be” to eliminate unnecessary words.
## Editorial Notes
### Amendments
2016—Subsecs. (a) to (c). added subsecs. (a) to (c) and struck out former subsecs. (a) and (b) which related to deposit in the Treasury as miscellaneous receipts of net proceeds from transfer or other disposition of surplus property and payment of expenses of sale before deposit.
Subsec. (d). added subsec. (d).
## Statutory Notes and Related Subsidiaries
### Effective Date of 2016 Amendment
> “The amendments made by this subsection [amending this section] shall take effect as if enacted as part of the applicable Act [
>
> ].”
, , , provided that:
> “Except as provided in subsection (c)(2) [set out above], this section [amending this section and provisions set out as a note under
>
> ] and the amendments made by this section shall take effect immediately after the enactment of the applicable Act [
>
> ].”
, , , provided that:
Amendment by effective on the date on which the Public Buildings Reform Board transmits the second report under and applicable to proceeds from transactions contained in that report and conducted after the date on which the Board terminates under , see , set out in a note under .