Page:United States Statutes at Large Volume 63 Part 1.djvu/426

 PUBLIC LAWS-CH. 288-JUNE 30, 1949 68 Stat. 765. 50U.8.0. app. 5 1611-1646; Supp. II, 1612It seq. Post, p. 399. 58 Stat. 765 . 60U.S.C.app. 5 1611-1646; Supp. II, 1612 e seq. Post, p. 399. 58 Stat. 765. 50U.S.0.app. 5§ 1611-1646; Supp. II, 1612 t seq. Pot, p. 399. Protection of Inter- ests of U. 8. Unclaimed property. to States, political subdivisions, and instrumentalities thereof, and tax-supported and other nonprofit educational institutions for school, classroom, or other educational use; (B) the Federal Security Administrator, through such officer or employees of the Federal Security Agency as he may designate, in the case of property transferred pursuant to the Surplus Property Act of 1944, as amended, and pursuant to this Act, to States, political subdivisions and instrumentalities thereof, tax-supported medical institutions, and to hospitals and other similar institutions not operated for profit, for use in the pro- tection of public health (including research); (C) the Secretary of the Interior, in the case of property trans- ferred pursuant to the Surplus Property Act of 1944, as amended, and pursuant to this Act, to States, political subdivisions, and instrumentalities thereof, and municipalities for use as a public park, public recreational area, or historic monument for the benefit of the public; or (D) the Secretary of Defense, in the case of property trans- ferred pursuant to the Surplus Property Act of 1944, as amended, to States, political subdivisions, and tax-supported instrumentali- ties thereof for use in the training and maintenance of civilian components of the armed forces, is authorized and directed- (i) to determine and enforce compliance with the terms, condi- tions, reservations, and restrictions contained in any instrument by which such transfer was made; (ii) to reform, correct, or amend any such instrument by the execution of a corrective, reformative, or amendatory instrument where necessary to correct such instrument or to conform such transfer to the requirements of applicable law; and (iii) to (I) grant releases from any of the terms, conditions, reservations, and restrictions contained in, and (II) convey, quit- claim, or release to the transferee or other eligible user any right or interest reserved to the United States by, any instrument by which such transfer was made, if he determines that the property so transferred no longer serves the purpose for which it was transferred, and that such release, conveyance, or quitclaim deed will not prevent accomplishment of the purpose for which such property was so transferred: Provided, That any such release, conveyance, or quitclaim deed may be granted on, or made sub- ject to, such terms and conditions as he shall deem necessary to protect or advance the interests of the United States. (1) The Administrator is authorized to take possession of abandoned and other unclaimed property on premises owned or leased by the Gov- ernment, to determine when title thereto vested in the United States, and to utilize, transfer or otherwise dispose of such property. Former owners of such property upon proper claim filed within three years from the date of vesting of title in the United States shall be paid the proceeds realized from the disposition of such property or, if the property is used or transferred, the fair value therefor as of the time title was vested in the United States as determined by the Admin- istrator, less in either case the costs incident to the care and handling of such property as determined by the Administrator. PROCEEDS FROM TRANSFER OR DISPOSITION OF PROPERTY SEC. 204. (a) All proceeds under this title from any transfer of excess property to a Federal agency for its use, or from any sale, lease, or other disposition of surplus property, shall be covered into 388 [63 STAT.

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