• Private property comes under the protection of land and property lawprivate property image by dead_account from Fotolia.com
  
  Property law covers the rights to utilize, contro, and ownership of objects, land or tools. Government property laws govern the extent to which government property can be used, leased and disposed of by contractors and various agencies. Software and intellectual property are not within the jurisdiction of government property laws. These laws impose some method of accountability regulating the petition for authorization of state property, abandonment, inventory, purchasing and selling of property. The Federal Acquisition Regulation Law of 2005, Part 45 and the Federal Property and Administrative Services Act of 1949, the Office of Federal Procurement Policy Act (41 USC 401, Public Law 93-400) and the Procurement Integrity Act (41 USC 423) discuss the issue of government property. Within each individual U.S. state's constitution are laws regarding the manner that each state rules over its property.
  
  

Federal Acquisition Regulation Act

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  The Federal Acquisition Regulation (FAR) law standardizes the system by which government obtains its property and goods. Sectioned into 53 parts, the FAR law outlines and demonstrates this process. In specific, the FAR legislation Part 45, deals with the measures to determine federal contractors' usage of government property, petition procedures for government property, the yardstick to assess government property, endorsements to use government property and the delegation of government property stewards.
  
  

Federal Property and Administrative Services Act of 1949

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  The Federal Property and Administrative Services Act of 1949 tackles the issue of property management, organization, foreign excess property, urban land utilization and procurement procedures. This law is set up to create an effective system where government property is bought or sold, classified or utilized, transported or repaired. The law also furnishes a set of standards by which contracted architects and engineers are judged and selected.
  
  

Office of Federal Procurement Policy Act of 1974

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  The government has also implemented laws which may illegal any insinuations by members of the Office of Federal Procurement to applicants for government property contracts. Also, it is unlawful to make any guarantees to prospective contractors or organizations of future funding, employment, or opportunity, to reveal any classified information concerning government property and to request or accept funding or services from a contractor who places a bid on government property. This law also bans contractors from petitioning for confidential information, giving bribes to, or attempting to gain unfair advantage, in the application process.