Code of Federal Regulations (Last Updated: July 5, 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 102-40 - Utilization and Disposition of Personal Property With Special Handling Requirements |
Subpart D - Sale of Personal Property With Special Handling Requirements |
§ 102-40.105 - May we use any sales method to sell personal property that requires special handling?
Latest version.
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§ 102-40.105 May we use any sales method to sell personal property that requires special handling?
Yes, unless specifically restricted as to sales methods by provisions in subpart E of this part, you may use any of the sales methods provided in part 102-38 of this subchapter, but you must:
(a) Advertise and conduct sales of such property separately from other sales;
(b) Store and display such property in a safe and controlled manner as required by applicable statutes and/or regulations;
(c) Indicate if the property is being sold only for scrap, and/or if there are any use requirements or restrictions;
(d) Comply with the requirements of other Federal, state, and local laws and regulations; and
(e) Conduct the sale through an agency authorized to sell Federal property in accordance with part 102-38 of this subchapter.