Use of Accounts For Sales of Properties by Agencies.—

Sec. 9102. Use of Accounts For Sales of Properties by Agencies.— (a) Availability of Amounts in Accounts.— (1) In general.— Notwithstanding any other law, in addition to the purposes for which they are now available, amounts in the accounts described in paragraph (2) shall, after December 22, 1987, be available for use in any fiscal year for all purposes (including use for purchase) involving any public sale of property by an agency of the United States. In conducting any such sale, such an agency shall accept, in the same manner as cash, any amount tendered from such an account, and the balance of the account shall be adjusted by the Secretary of the Treasury or the Administrator of General Services, as applicable, to reflect that transaction. (2) Accounts described.— The accounts referred to in subparagraph (B) are— (A) the account in the Treasury established by the Secretary of the Treasury pursuant to section 12(b) of Public Law 94–204 (43 U.S.C. 1611 note), referred to in that section as the “Cook Inlet Region, Incorporated property account”; and (B) the surplus property account established by the Administrator of General Services pursuant to section 317 of Public Law 98–146 (16 U.S.C. 3960f). (b) Treatment of Amount Received by Agencies From Accounts.— In any case in which an agency of the United States that conducts a public sale of property is authorized by law to use the proceeds of such sale for a specific purpose, the Secretary of the Treasury shall, without restriction, treat as cash receipts any amount which is— (1) tendered from an account described in subsection (b)(2); (2) received by the agency as proceeds of such a sale; and (3) used by the agency for that specific purpose. (c) Availability of Funds.— The Secretary of the Treasury shall hereafter use funds in the Treasury not otherwise appropriated to make any cash transfer that is necessary under subsection (b) to allow an agency to use the proceeds of a public sale of property. (d) Agency Defined.— In this section the term “agency” includes— (1) any instrumentality of the United States; and (2) any element of an agency.