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Code of Federal Regulations (Last Updated: October 10, 2024) |
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Title 41 - Public Contracts and Property Management |
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Subtitle C - Federal Property Management Regulations System |
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Chapter 102 - Federal Management Regulation |
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SubChapter B - Personal Property |
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Part 102-37 - Donation of Surplus Personal Property |
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Subpart D - State Agency for Surplus Property (SASP) |
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Service and Handling Charges |
§ 102-37.280 - How may a SASP use service charge funds?
Latest version.
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§ 102-37.280 How may a SASP use service charge funds?
Funds accumulated from service charges may be deposited, invested, or used in accordance with State law to:
(a) Cover direct and reasonable indirect costs of operating the SASP;
(b) Purchase necessary equipment for the SASP;
(c) Maintain a reasonable working capital reserve;
(d) Rehabilitate surplus property, including the purchase of replacement parts;
(e) Acquire or improve office or distribution center facilities; or
(f) Pay for the costs of internal and external audits.