Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 41 - Public Contracts and Property Management |
Subtitle C - Federal Property Management Regulations System |
Chapter 101 - Federal Property Management Regulations |
SubChapter H - Utilization and Disposal |
Part 101-47 - Utilization and Disposal of Real Property |
Subpart 101-47.4 - Management of Excess and Surplus Real Property |
§ 101-47.402-1 - Responsibility.
Latest version.
-
The holding agency shall retain custody and accountability for excess and surplus real property including related personal property and shall perform the protection and maintenance of such property pending its transfer to another Federal agency or its disposal. Guidelines for protection and maintenance of excess and surplus real property are in § 101-47.4913. The holding agency shall be responsible for complying with the requirements of the National Oil and Hazardous Substances Pollution Contingency Plan and initiating or cooperating with others in the actions prescribed for the prevention, containment, or remedy of hazardous conditions.