Page:United States Statutes at Large Volume 72 Part 1.djvu/673

 72

STAT.]

PUBLIC LAW 85-680-AUG. 19, 1958

631

land, of no greater value, comprising not in excess of five and threetenths acres of land situated adjacent to and in the immediate rear of the Arlington Hotel in Hot Sprmgs, Arkansas. Approved August 18, 1958.

Public Law 85-680 ^^ ^^^ To amend section 207 of the Federal Property and Administrative Services Act of 1949 so as to modify and improve the procedure for submission to the Attorney General of certain proposed surplus property disposals for his advice as to whether such disposals would be inconsistent with the a n t i t r u s t laws.

August 19. 1958 fs. 27521

Be it enacted by the Senate and House of Reprefientatives of the United States of America in Congress assembled, That section 207 jj^^P^'f property of the Federal Property and Administrative Services Act of 1949 is Antitrvit laws. amended to read as follows: 40 USC /Is.* " A P P L I C A B I L I T Y O F ANTITRUST LAWS

"SEC. 207. (a) Except as provided by subsection (c), no executive agency shall dispose of any plant, plants, or other property to any private interest until such agency has received the advice of the Attorney General on the question whether such disposal would tend to create or maintain a situation inconsistent with the antitrust laws. Whenever any such disposal is contemplated by any executive agency, such agency shall transmit promptly to the Attorney General notice of such proposed disposal and the probable terms or conditions thereof. If such notice is given by any executive agency other than the General Services Administration, a copy of such notice shall be transmitted simultaneously to the Administrator. Within a reasonable time, in no event to exceed sixty days, after receipt of such notification, the Attorney General shall advise the Administrator and any other interested executive agency whether, so far as he can determine, the proposed disposition would tend to create or maintain a situation inconsistent with the antitrust laws. "(b) Upon request made by the Attorney General, the Administrator or any other executive agency shall furnish or cause to be furnished to the Attorney General such information as the Administrator or such other executive agency may possess which the Attorney General determines to be appropriate or necessary to enable him to give the advice required by this section, or to determine whether any other disposition or proposed disposition of surplus property violates or would violate any of the antitrust laws. "(c) This section shall not apply to the disposal of— "(1) real property if the aggregate amount of the original acquisition cost of such property to the Government and all capital expenditures made by the Government with respect thereto is less than $1,000,000; or "(2) personal property (other than a patent, process, technique, or invention) with an acquisition cost of less than $3,000,000. " (d) Nothing contained in this Act shall impair, amend, or modify any of the antitrust laws or limit or prevent the application of any such law to any person who acquires in any manner any property under the provisions of this Act.

�