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40 U.S.C. § 124 — Agency use of amounts for property management

Federal law — U.S. Code and appendices · legal_authorities

40 U.S.C. § 124 — Agency use of amounts for property management

Amounts appropriated, allocated, or available to a federal agency for purposes similar to the purposes in [section 121 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section121&num=0&edition=prelim) or subchapter I (except section 506), II, or III of chapter 5 of this title may be used by the agency for the disposition of property under this subtitle, and for the care and handling of property pending the disposition, if the Director of the Office of Management and Budget authorizes the use.

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Source file: Laws/federal/codes/united-states-code/title-40/section-124-agency-use-of-amounts-for-property-management--cdfe76b302.md
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Source location: Title 40, Chapter 1, § 124; chapter-001-general.md

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Federal law — U.S. Code and appendices · legal_authorities

40 U.S.C. § 121 — Administrative

**(a) Policies Prescribed by the President.—** The President may prescribe policies and directives that the President considers necessary to carry out this subtitle. The policies must be consistent with this subtitle. **(b) Accounting Principles and Standards.—** (1) **Prescription.—** — The Comptroller General, after considering the needs and requirements of executive agencies, shall prescribe principles and standards of accounting for property. (2) **Property accounting systems.—** — The Comptroller General shall cooperate with the Administrator of General Services and with executive agencies in the development of property accounting systems and approve the systems when they are adequate and in conformity with prescribed principles and standards. (3) **Compliance review.—** — From time to time the Comptroller General shall examine the property accounting systems established by executive agencies to determine the extent of compliance with prescribed principles and standards and approved systems. The Comptroller General shall report to Congress any failure to comply with the principles and standards or to adequately account for property. **(c) Regulations by Administrator.—** (1) **General authority.—** — The Administrator may prescribe regulations to carry out this subtitle. (2) **Required regulations and orders.—** — The Administrator shall prescribe regulations that the Administrator considers necessary to carry out the Administrator’s functions under this subtitle and the head of each executive agency shall issue orders and directives that the agency head considers necessary to carry out the regulations. **(d) Delegation of Authority by Administrator.—** (1) **In general.—** — Except as provided in paragraph (2), the Administrator may delegate authority con

Source: Supplied U.S. Code snapshot — release unconfirmed · 40 U.S.C. § 121

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Federal law — U.S. Code and appendices · legal_authorities

40 U.S.C. § 111 — Application to division C (except sections 3302, 3501(b), 3509, 3906, 4710, and 4711) of subtitle I of title 41

In the following provisions, the words “this subtitle” are deemed to refer also to division C (except sections 3302, 3501(b), 3509, 3906, 4710, and 4711) of subtitle I of title 41: (1) [Section 101 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section101&num=0&edition=prelim). (2) [Section 112(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section112/a&num=0&edition=prelim). (3) [Section 113 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section113&num=0&edition=prelim). (4) [Section 121(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section121/a&num=0&edition=prelim). (5) [Section 121(c)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section121/c/1&num=0&edition=prelim). (6) [Section 121(c)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section121/c/2&num=0&edition=prelim). (7) Section 121(d)(1) and (2) of this title. (8) [Section 121(e)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section121/e/1&num=0&edition=prelim). (9) [Section 121(f) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section121/f&num=0&edition=prelim). (10) [Section 121(g) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section121/g&num=0&edition=prelim). (11) [Section 122(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section122/a&num=0&edition=prelim). (12) [Section 123(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section123/a&num=0&edition=prelim). (13) [Section

Source: Supplied U.S. Code snapshot — release unconfirmed · 40 U.S.C. § 111

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Federal law — U.S. Code and appendices · legal_authorities

40 U.S.C. § 124 — Agency use of amounts for property man-

Page 22 TITLE 40—PUBLIC BUILDINGS, PROPERTY, AND WORKS § 123 the Act is classified generally to subchapter V (§ 2000d et seq.) of chapter 21 of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 2000a of Title 42 and Tables. § 123. Civil remedies for fraud (a) IN GENERAL.—In connection with the pro- curement, transfer or disposition of property under this subtitle, a person that uses or causes to be used, or enters into an agreement, com- bination, or conspiracy to use or cause to be used, a fraudulent trick, scheme, or device for the purpose of obtaining or aiding to obtain, for any person, money, property, or other benefit from the Federal Government— (1) shall pay to the Government an amount equal to the sum of— (A) $2,000 for each act; (B) two times the amount of damages sus- tained by the Government because of each act; and (C) the cost of suit; (2) if the Government elects, shall pay to the Government, as liquidated damages, an amount equal to two times the consideration that the Government agreed to give to the per- son, or that the person agreed to give to the Government; or (3) if the Government elects, shall restore to the Government the money or property fraud- ulently obtained, with the Government retain- ing as liquidated damages, the money, prop- erty, or other consideration given to the Gov- ernment. (b) ADDITIONAL REMEDIES AND CRIMINAL PEN- ALTIES.—The civil remedies provided in this sec- tion are in addition to all other civil remedies and criminal penalties provided by law. (c) IMMUNITY OF GOVERNMENT OFFICIALS.—An officer or employee of the Government is not liable (except for an individual’s own fraud) or accountable for collection of a

Source: Supplied 2024 U.S. Code historical extraction · 40 U.S.C. § 124

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