Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 41 - Public Contracts and Property Management |
Subtitle F—Federal Travel Regulation System |
Chapter 302—Relocation Allowances |
SubChapter E—Residence Transaction Allowances |
Part 302-12 - Use of a Relocation Services Company |
Subpart B - Agency's Use of a Relocation Services Company |
§ 302-12.120 - Under a home sale program, may we direct the relocation services company to pay an employee more than the fair market value of the employee's residence?
Latest version.
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§ 302-12.120 Under a homesale home sale program, may we direct the relocation services company to pay an employee more than the fair market value of his/her residence?
the employee's residence?
No, under a homesale home sale program, you may not direct the relocation services company to pay an employee more than the fair market value (as determined by the residence appraisal process) of his/her the employee's home.
[FTR Amdt. 2011-01, 76 FR 18344, Apr. 1, 2011Case 2022-05, 89 FR 12256, Feb. 16, 2024]