32 CFR Part 172, Appendix B to Part 172 - Disposition of Amounts Collected From Successful Bidders

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View PDF at GPO Pt. 172, App. B
Appendix B to Part 172—Disposition of Amounts Collected From Successful Bidders
Type of property Disposition of:
(20%) bid deposit (80%) remaining balance
1 10 U.S.C. 2577 limits the amounts which can be held in F3875 at the end of any fiscal year resulting from the program to $2 million. Amounts in excess of $2 million are to be transferred to Miscellaneous Receipts of the Treasury. This instruction provides for immediate distribution of all sales proceeds received from the recyclable program.
2 See subsection D.7. of the basic Instruction.
1. Scrap turned in by industrial fund (IF) activities IF IF.
2. Usable personal property purchased by and turned in by IF activities IF IF.
3. Property purchased with funds from trust fund _ X8420, “Surcharge Collections, Sales of Commissary Stores” _ X8420 _ X8420.
4. Automatic data processing equipment owned by the General Services Administration (GSA) and leased to DoD _ F3875, Budget Clearing Account (Suspense) _ F3875. Upon receipt of the entire amount due from the bidder, a check shall be drawn on the suspense account and forwarded to GSA at the following address: General Services Administration Office of Finance (WBCRC), Collections and Securities, 7th and I Streets NW., Washington, DC 20407.
5. Section 605(d) the Foreign Assistance Act of 1965, provides that proceeds from the sale of defense articles shall be credited to the appropriation, fund or account used to procure the article or to the account currently available for the same general purpose
a. Pre-MAP merger (Pre FY 82) property issued under the Military Assistance Program (MAP) and returned as no longer needed, and all MAP funded personal property belong to Security Assistance Offices (SAO) 11_1082, “Foreign Military Financing Program” (Effective 1 October 1989 the 11_1080, “Military Assitance,” account is no longer available for the receipt of proceeds) 11_1082.
b. Security Assistance Offices (SAO) personal property purchased with Foreign Military Sales Administrative Funds (11x8242) 978242 XDM_ S843000 978242 XDM_ S843000.
6. Coast Guard property under the physical control of the Coast Guard at the time of sale _ F3875 _ F3875. Upon receipt of the entire amount due from the bidder, a check shall be drawn on the suspense account and forwarded to the Coast Guard at the following address: Commandant, U.S. Coast Guard (GFAC), Washington, DC 20593.
7. Property owned by nonappropriated fund instrumentalities, excluding garbage suitable for animal consumption that is disposed of under a multiple-pickup contract _ X6874, “Suspense” _ X6875. Upon receipt of the entire amount due from the bidder, a check shall be drawn on the suspense account and forwarded to the applicable instrumentality.
8. Recyclable material _ F3875 1 _ F3875.1 Upon receipt of the entire amount due from the bidder, deposit total proceeds to the accounts designated by the DoD Military Installation that gave the material up for disposal.
9. Lost, abandoned, or unclaimed privately owned personal property 972651,“Sale of Scrap and Salvage Materials, Defense” _ X6001, “Proceeds of Sales of Lost, Abandoned or Unclaimed Personal Property.” The owner(s) of lost, abandoned, or unclaimed property may claim the net proceeds from sale of that property within 5 years of the date of the sale by providing proof of ownership to the government. After 5 years from the date of the sale, any unclaimed net proceeds shall be transferred from _ X6001 to general fund miscellaneous receipt account _1060, “Forfeitures of Unclaimed Money and Property.”
10. Property owned by a country or international organization Operation and maintenance appropriation of the DoD Component that sells the property. (This is reimbursement for selling expenses.) _ X6875. Upon receipt of the entire amount due from the bidder, a check for 80% of the sales price shall be drawn on the suspense account and forwarded to the applicable foreign country or international organization.
11. Bones, fats, and meat trimmings generated by a commissary store Stock Fund Stock Fund.
12. Government furnished property sold by contractors (2) (2).
13. All other property 972651 972651.
[55 FR 13903, Apr. 13, 1990]

Title 32 published on 2014-07-01

no entries appear in the Federal Register after this date.