Page:United States Statutes at Large Volume 74.djvu/633

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[74 Stat. 593]
[74 Stat. 593]
PUBLIC LAW 86-000—MMMM. DD, 1960

74 ST AT. 3

PUBLIC LAW 86-682-SEPT. 2, 1960

593

nual payments required by all other lease-purchase agreements entered into during the same fiscal year do not exceed the specific limitations on the payments which are provided in appropriation acts. § 2109. Time limitations on agreements Agreements may not be entered into under sections 2103-2105 of this title after July 22, 1964. § 2110. Taxes and rental adjustments (a) An interest in real property acquired under the provisions of sections 2104 and 2105 of this title, is subject to State and local taxes until title passes to the Government of the United States. (b) The Postmaster General may, at the time he enters into a lease-purchase or lease agreement under authority of sections 2103-2105 of this title, include a provision for adjustment of the rental paid to a lessor to compensate for an increase or decrease in taxes on the leased property. § 2111. Property title (a) The Postmaster General shall take title, on behalf of the United States, to all real property purchased by him under authority of sections 2103-2105 of this title. (b) Section 175 of title 50 applies to the acquisition in fee simple 54 Stat. 1083. of real property under sections 2103-2105 of this title, except that a lease-purchase agreement to acquire real property under sections 2104 and 2105 of 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. § 2112. Advertisement 60 Stat. 809. Section 5 of title 41 applies— (1) to the acquisition of real property by lease-purchase agreements, under authority of sections 2104 and 2105 of this title, and (2) to the lease agreements entered into under authority of item (1) of section 2103(a) of this title. § 2113. Receipts from disposal of property (a) Amounts received by the Government from disposals of property acquired under authority of sections 2103-2116 of this title m the performance by the Postmaster General of the functions vested in him by sections 2103-2116 of this title shall be credited to the current applicable appropriation of the Department and shall be available for expenditure for the purposes of sections 2103-2116 of this title. Any amount received by the Postmaster General from the sale of such property, under authority of sections 2103-2116 of this title, which exceeds the amount paid therefor from the appropriations for the Department, shall be covered into the Treasury as miscellaneous receipts. (b) Amounts received by the Postmaster General from the disposal of real property acquired by the Government under authority 73 of the Public Buildings Act of May 25, 1926 (44 Stat. 630), as amendedf, 40 Stat. 486. u s e 341-354 and the Public Buildings Act of 1949 (63 Stat. 176), as amended, notes which may be transferred to the Postmaster General, shall be disposed of in accordance with the provisions of sections 303b, 345, or 485 of title 40, whichever section may be applicable. 47 Stat. 412; 63 _ o.^^,

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§ 2114. Nonapphcability of statutes los i. Sections 34 and 259 of title 40, and sections 12 and 14 of title 41, and any other provision of law, except applicable labor standards provisions, relating to the acquisition or disposal of real property, 48232 0 - 6 1 - 3 8