41 CFR 102-37.265

§ 102-37.265 SASP liquidation plan.

United States · 41 CFR — Public Contracts and Property Management · Status: effective

Cite this

Citation: 41 CFR 102-37.265, § 102-37.265 SASP liquidation plan, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/198122
Permanent ID: ys:prov:198122@1
SHA-256: 2fc898e6b67322dcc87c58e1e9dbc596b82cbed636becf3d302fcc9e6431aac4

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Full text

Before suspending operations, a SASP must submit to GSA a liquidation plan that includes: (a) Reasons for the liquidation; (b) A schedule for liquidating the SASP and the estimated date of termination; (c) Method of disposing of property on hand under the requirements of this part; (d) Method of disposing of the SASP's physical and financial assets; (e) Retention of all available records of the SASP for a 2-year period following liquidation; and (f) Designation of another governmental entity to serve as the SASP's successor in function until continuing obligations on property donated prior to the closing of the SASP are fulfilled.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.