Statutes, codes, and regulations
Code of Federal Regulations
Title 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENTSubtitle C - FEDERAL PROPERTY MANAGEMENT REGULATIONS SYSTEMChapter 102 - FEDERAL MANAGEMENT REGULATIONSubchapter B - PERSONAL PROPERTYPart 102-42 - UTILIZATION, DONATION, AND DISPOSAL OF FOREIGN GIFTS AND DECORATIONS
Subpart D - SALE OR DESTRUCTION OF FOREIGN GIFTS AND DECORATIONS
Section 102-42.140 - How is a sale of a foreign gift or decoration to an employee conducted?

41 C.F.R. § 102-42.140

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Current through May 31, 2024
Section 102-42.140 - How is a sale of a foreign gift or decoration to an employee conducted?

Foreign gifts and decorations must be offered first through negotiated sales to the employee who has indicated an interest in purchasing the item. The sale price must be the commercially appraised value of the gift. Sales must be conducted and documented in accordance with part 102-38 of this subchapter B.

41 C.F.R. §102-42.140

68 FR 56496, Sept. 4, 2003, as amended at 71 FR 28778, May 18, 2006