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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 41 - Public Contracts and Property Management |
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Subtitle C - Federal Property Management Regulations System |
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Chapter 102 - Federal Management Regulation |
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SubChapter B - Personal Property |
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Part 102-42 - Utilization, Donation, and Disposal of Foreign Gifts and Decorations |
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Subpart A - General Provisions |
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Appraisals |
§ 102-42.55 - What does the employing agency do with the appraisal?
Latest version.
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§ 102-42.55 What does the employing agency do with the appraisal?
When an appraisal is necessary under § 102-42.40, the employing agency must include the appraisal with the Standard Form (SF) 120, Report of Excess Personal Property, and send it to GSA in accordance with the requirements of § 102-42.95. By attaching the appraisal, the employing agency is certifying that the value cited is the retail value/appraised value of the item in the United States in U.S. dollars on the date set forth on the appraisal.
[74 FR 2396, Jan. 15, 2009]