40 USC § 573 - Personal property

---
identifier: "/us/usc/t40/s573"
source: "usc"
legal_status: "official_legal_evidence"
title: "40 USC § 573 - Personal property"
title_number: 40
title_name: "PUBLIC BUILDINGS, PROPERTY, AND WORKS"
section_number: "573"
section_name: "Personal property"
chapter_number: 5
chapter_name: "PROPERTY MANAGEMENT"
subchapter_number: "IV"
subchapter_name: "PROCEEDS FROM SALE OR TRANSFER"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1107; Pub. L. 109–313, § 3(h)(4), Oct. 6, 2006, 120 Stat. 1736.)"
---


# § 573. Personal property

section 321(a) of this title

The Administrator of General Services may retain from the proceeds of sales of personal property the Administrator conducts amounts necessary to recover, to the extent practicable, costs the Administrator (or the Administrator’s agent) incurs in conducting the sales. The Administrator shall deposit amounts retained into the Acquisition Services Fund established under . From the amounts deposited, the Administrator may pay direct costs and reasonably related indirect costs incurred in conducting sales of personal property. At least once each year, amounts retained that are not needed to pay the direct and indirect costs shall be transferred from the Acquisition Services Fund to the general fund or another appropriate account in the Treasury.

---

**Source Credit**: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1107; Pub. L. 109–313, § 3(h)(4), Oct. 6, 2006, 120 Stat. 1736.)

| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 573 | 40:485(i). | June 30, 1949, ch. 288, title II, § 204(i), as added Pub. L. 103–123, title IV, § 7, Oct. 28, 1993, 107 Stat. 1247. |

## Editorial Notes

### Amendments

2006— substituted “Acquisition Services Fund” for “General Supply Fund” in two places.

## Statutory Notes and Related Subsidiaries

### Effective Date of 2006 Amendment

Amendment by  effective 60 days after , see , set out as a note under , Government Organization and Employees.