98-3951. Reimbursement for Sale of Abandoned Property  

  • [Federal Register Volume 63, Number 32 (Wednesday, February 18, 1998)]
    [Rules and Regulations]
    [Page 8126]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 98-3951]
    
    
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    POSTAL SERVICE
    
    39 CFR Part 946
    
    
    Reimbursement for Sale of Abandoned Property
    
    AGENCY: Postal Service.
    
    ACTION: Final rule.
    
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    SUMMARY: This final rule amends the Postal Service's disposition of 
    evidence and abandoned property regulations to provide that a person 
    submitting a valid claim for reimbursement of funds from the sale of 
    such property must be reimbursed the last appraised value of the 
    property prior to its sale.
    
    EFFECTIVE DATE: This rule is effective February 18, 1998.
    
    FOR FURTHER INFORMATION CONTACT: Walter E. Ladick, Program Manager, 
    Forfeiture Group, Postal Inspection Service, (202) 268-5475.
    
    SUPPLEMENTARY INFORMATION: Postal Service regulations concerning the 
    disposition of property acquired by the Postal Inspection Service for 
    possible use as evidence are codified at 39 CFR part 946. Once the 
    evidentiary need to retain the property no longer exists, the Postal 
    Service returns the property to its rightful owner, unless the property 
    is contraband or subject to a court order. If no one submits a timely 
    claim for the property, it is considered abandoned and becomes the 
    property of the Postal Service, which may retain or sell it. Such 
    property, however, must be returned to the rightful owner if he or she 
    files a valid claim within three years from the date the property 
    became abandoned.
        Under the current rule, a person filing a valid claim for property 
    that has been sold must be reimbursed the amount of the proceeds 
    realized from the sale of such property, less costs incurred by the 
    Postal Service in selling the property and in returning or attempting 
    to return such property to the owner. Experience has demonstrated, 
    however, that efforts to valuate and dispose of low-value evidentiary 
    and abandoned properties vested to the Postal Service are inefficient 
    and not cost effective.
        In the future, such property will be included in sales of unclaimed 
    items that are held regularly at Postal Service mail recovery centers. 
    Since many like items are sold in lots at these sales, it would present 
    a problem to account for the sale price of each item. Therefore, this 
    new rule provides that the person submitting a valid claim for the 
    property that has been sold will be reimbursed the same amount as the 
    last appraised value of the property prior to its sale.
    
    List of Subjects in 39 CFR Part 946
    
        Claims, Law enforcement, Postal Service.
    
        Accordingly, 39 CFR part 946 is amended as set forth below.
    
    PART 946--RULES OF PROCEDURE RELATING TO THE DISPOSITION OF STOLEN 
    MAIL MATTER AND PROPERTY ACQUIRED BY THE POSTAL INSPECTION SERVICE 
    FOR USE AS EVIDENCE
    
        1. The authority citation for part 946 continues to read as 
    follows:
    
        Authority: 5 U.S.C. 552(a); 39 U.S.C. 401(2), (5), (8), 
    404(a)(7), 2003, 3001.
        2. Section 946.6(a)(2) is revised to read as follows:
        (a) * * *
        (2) Where property has been sold, a person submitting a valid claim 
    under this section must be reimbursed the same amount as the last 
    appraised value of the property prior to the sale of such property.
    * * * * *
    Stanley F. Mires,
    Chief Counsel, Legislative.
    [FR Doc. 98-3951 Filed 2-17-98; 8:45 am]
    BILLING CODE 7710-12-P
    
    
    

Document Information

Effective Date:
2/18/1998
Published:
02/18/1998
Department:
Postal Service
Entry Type:
Rule
Action:
Final rule.
Document Number:
98-3951
Dates:
This rule is effective February 18, 1998.
Pages:
8126-8126 (1 pages)
PDF File:
98-3951.pdf
CFR: (1)
39 CFR 946