Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 41 - Public Contracts and Property Management |
Subtitle C - Federal Property Management Regulations System |
Chapter 102 - Federal Management Regulation |
SubChapter B - Personal Property |
Part 102-39 - Replacement of Personal Property Pursuant to the Exchange/Sale Authority |
Subpart A - General |
§ 102-39.5 - What is the exchange/sale authority?
Latest version.
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§ 102-39.5 What is the exchange/sale authority?
The exchange/sale authority is a statutory provision, (40 U.S.C. 503), which states in part: “In acquiring personal property, an executive agency may exchange or sell similar items and may apply the exchange allowance or proceeds of sale in whole or in part payment for the property acquired.”
[73 FR 50880, Aug. 29, 2008]