§ 102-38.15 Executive agency responsibilities.
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Title 41—Public Contracts and Property Management > Subtitle C—Federal Property Management Regulations System > CHAPTER 102—FEDERAL MANAGEMENT REGULATION > SUBCHAPTER B—PERSONAL PROPERTY > PART 102-38—SALE OF PERSONAL PROPERTY > Subpart A—General Provisions
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An executive agency's responsibilities in selling personal property are to:
(a) Ensure the sale complies with the provisions of title 40 U.S.C., the regulations of this part, and any other applicable laws;
(b) Issue internal guidance to promote uniformity of sales procedures;
(c) Assure that officials designated to conduct and finalize sales are adequately trained;
(d) Be accountable for the care and handling of the personal property prior to its removal by the buyer;
(e) Adjust your property and financial records to reflect the final disposition;
(f) Ensure all sales are made after publicly advertising for bids, except as provided for negotiated sales; and
(g) Ensure advertising for bids permits full and free competition consistent with the value and nature of the property involved.
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