§ 574. Other rules regarding proceeds
(a)
Credit to Reimbursable Fund or Appropriation.—
(2)
In general.—
The net proceeds of a disposition or transfer of property described in paragraph (1) shall be—
(b)
Special Account for Refunds or Payments for Breach.—
(1)
Deposits.—
A federal agency that disposes of surplus property under this chapter may deposit, in a special account in the Treasury, amounts of the proceeds of the dispositions that the agency decides are necessary to permit—
(c)
Credit to Cost of Contractor’s Work.—
If a contract made by an executive agency, or a subcontract under that contract, authorizes the proceeds of a sale of property in the custody of a contractor or subcontractor to be credited to the price or cost of work covered by the contract or subcontract, then the proceeds of the sale shall be credited in accordance with the contract or subcontract.
(d)
Acceptance of Property Instead of Cash.—
An executive agency entitled to receive cash under a contract for the lease, sale, or other disposition of surplus property may accept property instead of cash if the President determines that the property is strategic or critical material. The property is valued at the prevailing market price when the cash payment becomes due.
(e)
Management of Credit, Leases, and Permits.—
For a disposition of surplus property under this chapter, if credit has been extended, or if the disposition has been by lease or permit, the Administrator of General Services, in a manner and on terms the Administrator determines are in the best interest of the Federal Government—