§ 101-49.001-5 - Minimal value.

Latest version.

Minimal value means a retail value in the United States at the time of acceptance of $260 or less, except that:

(a) On January 1, 1981, and at 3-year intervals thereafter, “minimal value” will be redefined in regulations prescribed by the Administrator of General Services, in consultation with the Secretary of State, to reflect changes in the consumer price index for the immediately preceding 3-year period; and

(b) Regulations of an employing agency may define “minimal value” for its employees to be less than the value provided under this section.

                    
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