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The Surplus Property Board (SPB) was briefly responsible for disposing of $90 billion of surplus war property held by the United States government in the final year of World War II. [1] Created by the Surplus Property Act of 1944 , [ 2 ] the Board functioned for less than nine months, before being replaced by a more streamlined agency.
Surplus Property Act of 1944 (ch. 479, 58 Stat. 765, 50A U.S.C. § 1611 et seq., enacted October 3, 1944) is an act of the United States Congress that was enacted to provide for the disposal of surplus government property to "a State, political subdivision of a State, or tax-supported organization".
The 1944 Surplus Property Act provided for the disposal of surplus government property. To deal with these disposals, numerous short-lived agencies were formed, such as the Surplus War Property Administration in the Office of War Mobilization (February – October 1944); the Surplus Property Board in the Office of War Mobilization and Reconversion (October 1944 – September 1945); and the ...
Fulbright Act of 1946, 50a U.S.C. § 1619, is a United States statute commissioning the United States Department of State as a disposal agency for the disposal of materials on public lands and the reclamation of salvageable military surplus assets pending the aftermath of World War II.
Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.
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Also published as Maryland Journal and the Baltimore Advertiser, 1773-1796, Eagle of Freedom; or, the Baltimore Town and Fell's Point Gazette, 1796-1798, Baltimore Intelligencer, 1798-1799, American and Baltimore Daily Advertiser, 1799-1802, American and Commercial Daily Advertiser, 1802-1853, American and Commercial Advertiser, 1854-1856, 1861 ...
The NRRA defines "nonadmitted insurance" as "any property and casualty insurance permitted to be placed directly or through a surplus lines broker with a nonadmitted insurer eligible to accept such insurance." [3] A nonadmitted insurer is an insurer not licensed or authorized to engage in the business of insurance in a state. [4]