§ 8763 - Useless ordnance material: disposition of proceeds on sale

CHAPTER 875— DISPOSAL OF OBSOLETE OR SURPLUS MATERIAL

The net proceeds of sales of useless ordnance material by the Department of the Navy shall be covered into the Treasury.

Notes

Historical and Revision Notes Revised sectionSource (U.S. Code)Source (Statutes at Large) 754350 U.S.C. 74.Jan. 22, 1923, ch. 28, 42 Stat. 1142 (last 24 words of 5th par.).

The words “as miscellaneous receipts” are omitted as surplusage.

Editorial Notes

Amendments

2018—Pub. L. 115–232 renumbered section 7543 of this title as this section.

Statutory Notes and Related Subsidiaries

Effective Date of 2018 Amendment

Amendment by Pub. L. 115–232 effective Feb. 1, 2019, with provision for the coordination of amendments and special rule for certain redesignations, see section 800 of Pub. L. 115–232, set out as a note preceding section 3001 of this title.