41 CFR 102-75.885 - What are the disposal agency's responsibilities concerning negotiated sales?

§ 102-75.885 What are the disposal agency's responsibilities concerning negotiated sales?

The disposal agency must -

(a) Obtain such competition as is feasible in all negotiations of disposals and contracts for disposal of surplus property; and

(b) Prepare and transmit an explanatory statement if the fair market value of the property exceeds $100,000, identifying the circumstances of each disposal by negotiation for any real property specified in 40 U.S.C. 545(e), to the appropriate committees of the Congress in advance of such disposal.

Title 41 published on 2015-09-24.

No entries appear in the Federal Register after this date, for 41 CFR Part 102-75.