§ 102-38.45 Negotiated sales reporting requirements.

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Title 41 CFR: Public Contracts and Property Management › Chapter 102: FEDERAL MANAGEMENT REGULATION › Part 102-38: 38—SALE OF PERSONAL PROPERTY › Subpart B: Sales Process › § 102-38.45: § 102-38.45 Negotiated sales reporting requirements.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

(a) In advance of the sale, report explanatory statements for each sale by negotiation of any personal property with an estimated fair market value of more than $15,000 to the GSA oversight committees. No statement is needed for negotiated sales at fixed price or for any sale made without advertising when authorized by law other than 40 U.S.C. 545; and

(b) Report a listing and description of all negotiated sales of personal property with an estimated fair market value more than $5,000 to GSA within 60 calendar days after the close of each fiscal year.

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