Pub. L. 108-447, div. H, tit. IV, sec. 412
Pub. L. 108-447, div. H, tit. IV, sec. 412
Sec. 412. Notwithstanding any other provision of law, the Administrator of General Services may convey, by sale, lease, exchange or otherwise, including through leaseback arrangements, real and related personal property, or interests therein, and retain the net proceeds of such dispositions in an account within the Federal Buildings Fund to be used for the General Services Administration’s real property capital needs: Provided, That all net proceeds realized under this section shall only be expended as authorized in annual appropriations Acts: Provided further, That for the purposes of this section, the term “net proceeds” means the rental and other sums received less the costs of the disposition, and the term “real property capital needs” means any expenses necessary and incident to the agency’s real property capital acquisitions, improvements, and dispositions.