§ 701 Administrative
§ 702 Return of foreign excess property to United States
§ 703 Donation of medical supplies for use in foreign country
§ 704 Other methods of disposal
§ 705 Handling of proceeds from disposal
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Terms Used In U.S. Code > Title 40 > Subtitle I > Chapter 7 - Foreign Excess Property

  • Donee: The recipient of a gift.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7