§ 102-42.40 - When is an appraisal necessary?

§ 102-42.40 When is an appraisal necessary?

An appraisal is necessary when -

(a) An employee indicates an interest in purchasing a gift or decoration. In this situation, the appraisal must be obtained before the gift or decoration is reported to GSA for screening (see 102-42.20); or

(b) GSA requires the employing agency to obtain an appraisal of a gift or decoration that the agency has retained for official use and no longer needs before accepting the agency's report of the item as excess personal property; or

(c) The policy of one's own agency requires it, pursuant to 5 U.S.C. 7342(g).

Note to § 102-42.40 paragraphs (a) and (b):

Refer to § 102-42.50 for how appraisals under these two situations are handled.

[74 FR 2396, Jan. 15, 2009]