§ 302-11.421 - What must we consider when authorizing an extension of time limitation?

§ 302-11.421 What must we consider when authorizing an extension of time limitation?

Cross Reference

Link to an amendment published at 89 FR 12256, Feb. 16, 2024.

When authorizing an extension of time limitation, you must determine that the:

(a) Employee has extenuating circumstances which have prevented him/her the employee from completing his/her their sale and purchase or lease termination transactions in the initial authorized time frame of one year; and

(b) Employee's residence transactions are reasonably related to his/her the employee's transfer of official station.

[FTR Amdt. 98, 66 FR 58196, Nov. 20, 2001, as amended by FTR Amdt. 2011-01, 76 FR 18343, Apr. 1, 2011; FTR Case 2022-05, 89 FR 12256, Feb. 16, 2024]