Page:United States Statutes at Large Volume 108 Part 2.djvu/121

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PUBLIC LAW 103-272—JULY 5, 1994 108 STAT. 837 information, views, or arguments, with or without an oral presentation, except when the Secretary for good cause finds that public notice and comment are unnecessary because of the routine nature or insignificant impact of the regulation or that an emergency regulation should be issued. The Secretary may extend the 60- day period if the Secretary decides the period is insufficient to allow diligent individuals to prepare comments or that other circumstances justify an extension. (3) An emergency regulation ends 120 days after it is issued. Termination (4) The Secretary of Transportation shall comply with this ^^*®- section (except subsections (h) and (i)) and sections 5323(a)(2), (c) and (e), 5324(c), and 5325 of this title when proposing or carrying out a regulation governing an activity under this chapter, except for a routine matter or a matter with no significant impact. (c) BUDGET PROGRAJ^ AND SET OF ACCOUNTS.— The Secretary of Transportation shall— (1) submit each year a budget program as provided in section 9103 of title 31; and (2) maintain a set of accounts the Comptroller General shall audit under chapter 35 of title 31. (d) DEPOSITORY AND AVAILABILITY OF AMOUNTS.—The Secretary of Transportation shall deposit amounts made available to the Secretary under this chapter in a checking account in the Treasury. Receipts, assets, and amounts obtained or held by the Secretary to carry out this chapter are available for administrative expenses to carry out this chapter. (e) BINDING EFFECT OF FINANCIAL TRANSACTION.— A financial transaction of the Secretary of Transportation under this chapter and a related voucher are binding on all officers and employees of the United States Government. (f) DEALING WITH ACQUIRED PROPERTY. — Notwithstanding another law related to the Government acquiring, using, or disposing of real property, the Secretary of Transportation may deal with property acquired under subsection (a)(3) or (4) of this section in any way. However, this subsection does not— (1) deprive a State or political subdivision of a State of jurisdiction of the property; or (2) impair the civil rights, under the laws of a State or political subdivision of a State, of an inhabitant of the property. (g) TRANSFER OF ASSETS NO LONGER NEEDED,— (1) If a recipient of assistance under this chapter decides an asset acquired under this chapter at least in part with that assistance is no longer needed for the purpose for which it was acquired, the Secretary of Transportation may authorize the recipient to transfer the asset to a local governmental authority to be used for a public purpose with no further obligation to the Government. The Secretary may authorize a transfer for a public purpose other than mass transportation only if the Secretary decides— (A) the asset will remain in public use for at least 5 years after the date the asset is transferred; (B) there is no purpose eligible for assistance under this chapter for which the asset should be used; (C) the overall benefit of allowing the transfer is greater than the interest of the Government in liquidation and return of the financial interest of the Government in the asset, after considering fair market value and other factors; and