Surplus Crown Assets Act (R.S.C., 1985, c. S-27)

Marginal note:Department dealing with surplus Crown assets

• 3 (1) A department that has surplus Crown assets may

  • (a) request the Minister to dispose of or deal with the assets under this Act; or

  • (b) subject to such terms and conditions as the Treasury Board may prescribe, sell, exchange, transfer to another department, lease, lend or otherwise dispose of or deal with the assets, either gratuitously or for consideration.

• Marginal note:Federal body dealing with surplus Crown assets

  (2) A federal body that has surplus Crown assets may request the Minister to dispose of or deal with the assets under this Act.

• Marginal note:Terms and conditions

  (3) Terms and conditions prescribed pursuant to paragraph (1)(b) may be made applicable to any particular department or surplus Crown assets, any class thereof or departments or surplus Crown assets generally.

• Marginal note:Restriction on departments

  (4) No department shall dispose of any surplus Crown assets otherwise than in accordance with this Act.