Page:United States Statutes at Large Volume 68 Part 1.djvu/556

 524

40 USC 352.

U s e of r e n t a l funds*

R e n t a l adjustment*

S a l e s receipts, etc.

4 0 U S C 3 4 1, 342, 344-347, 352 note.

Property title.

Approval of Attorney General.

Adve rt is e me nt.

PUBLIC LAW 5 1 9 - J U L Y 22, 1954

[68

ST A T.

(B) dispose of real property, and interests therein, acquired for use or used for postal purposes by sale, lease, or otherwise, on such terms as he shall deem appropriate to the best interests,of the United States: Provided, That the Postmaster General shall not, for the purposes of this section, dispose of (1) any Government-owned property, or interests therein, acquired pursuant to section 101 of the Public Buildings Act of 1949 (63 Stat. 176) or (2) any Governmentowned property, or interests therein, which has been acquired pursuant to law, prior to the enactment of this Act, on which there has been constructed a building to be used for postal purposes and which is presently being used for such purposes, (b) Funds available to the Post Office Department for the payment of rents are authorized to be utilized by the Postmaster General for th^ purposes of this section. SEC. 204. The Postmaster General may, at the time he enters into any lease-purchase or lease agreement under authority of this title, include in such agreement a provision for adjustment of the rental paid to any lessor to compensate for any increase or decrease in taxes on the leased property. SEC. 205. (a) Amounts received by the Government from sales, leases, or other disposals of property acquired under authority of this title in the performance by the Postmaster General of the functions vested in him by this title shall be credited to the current applicable appropriation of the Post Office Department and shall be available for expenditure for the purposes of this title: Provided, That any amount received by the Postmaster General from the sale of such property, under authority of this title, which exceeds the amount paid therefor from the appropriations for the Post Office Department, shall be covered into the Treasury as miscellaneous receipts. (b) Any amounts received by the Postmaster General from the sale, lease, or other disposal of real property acquired by the Government under authority of the Public Buildings Act of May 25, 1926 (44 Stat. 630), as amended, and the Public Buildings Act of 1949 (63 Stat. 176), as amended, which may be transferred to the Postmaster General, shall be disposed of in accordance with the provisions of section 321 of the Act entitled "An Act making appropriations for the Legislative Branch of the Government for the fiscal year ending June 30, 1933, and for other purposes" (47 Stat. 412; 40 U.S.C. 303b), section 5 of the Public Buildings Act of May 25, 1926, as amended (44 Stat. 633; 40 U.S.C. 345), or section 204 of the Federal Property and Administrative Services Act of 1949, as amended (63 Stat. 388; 40 U.S.C. 485), whichever section may be applicable. SEC. 206. The Postmaster General shall take title, on behalf of the United States, to all real property purchased by him under authority of this title. SEC. 207. (a) Section 355 of the Revised Statutes, as amended (50 U.S.C. 175), shall apply to the acquisition in fee simple of real property under this title, except that any lease-purchase agreement to acquire real property under this title may be entered into and placed in effect after request for but prior to receipt of an opinion of the Attorney General with respect to the validity of title to the real property described therein. (b) Section 3709 of the Revised Statutes, as amended (41 U.S.C. 5), shall apply (1) to the acquisition of real property by lease-purchase agreements, under authority of section 202 of this title, and (2) to the lease agreements entered into under authority of paragraph (1) of section 203(a) of this title.

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