Page:United States Statutes at Large Volume 110 Part 3.djvu/1024

 110 STAT. 2754 PUBLIC LAW 104-201—SEPT. 23, 1996 SEC. 1713. MODIFICATION OF RESIDENCE TRANSACTION EXPENSES ALLOWANCE. (a) EXPENSES OF SALE.— Section 5724a of title 5, United States Code, as amended by section 1712, is further amended by adding at the end the following new subsection: "(d)(1) An agency shall pay to or on behalf of an employee who transfers in the interest of the Government, expenses of the sale of the residence (or the settlement of an unexpired lease) of the employee at the old official station and purchase of a residence at the new official station that are required to be paid by the employee, when the old and new official stations are located within the United States. "(2) An agency shall pay to or on behalf of an employee who transfers in the interest of the Government from a post of duty located outside the United States to an official station within the United States (other than the official station within the United States from which the employee was transferred when assigned to the foreign tour of duty)— "(A) expenses required to be paid by the employee for the sale of the residence (or the settlement of an unexpired lease) of the employee at the old official station from which the employee was transferred when the employee was assigned to the post of duty located outside the United States; and "(B) expenses required to be paid by the employee for the purchase of a residence at the new official station within the United States. "(3) Reimbursement of expenses under paragraph (2) of this subsection shall not be allowed for any sale (or settlement of an unexpired lease) or purchase transaction that occurs prior to official notification that the employee's return to the United States would be to an official station other than the official station from which the employee was transferred when assigned to the post of duty outside the United States. "(4) Reimbursement for brokerage fees on the sale of the residence and other expenses under this subsection may not exceed those customarily charged in the locality where the residence is located. "(5) Reimbursement may not be made under this subsection for losses incurred by the employee on the sale of the residence. Applicability. "(6) This subsection applies regardless of whether title to the residence or the unexpired lease is— "(A) in the name of the employee alone; "(B) in the joint names of the employee and a member of the employee's immediate family; or "(C) in the name of a member of the employee's immediate family alone. "(7)(A) In connection with the sale of the residence at the old official station, reimbursement under this subsection shall not exceed 10 percent of the sale price. "(B) In connection with the purchase of a residence at the new official station, reimbursement under this subsection shall not exceed 5 percent of the purchase price.". (b) RELOCATION SERVICES. —Section 5724c of title 5, United State Code, is amended to read as follows:

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