41 CFR 102-38.15

§ 102-38.15 Executive agency responsibilities.

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

Cite this

Citation: 41 CFR 102-38.15, § 102-38.15 Executive agency responsibilities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/198168
Permanent ID: ys:prov:198168@1
SHA-256: 5389b5cd35ada35d6f8c4371b0b0025274a266955eca2c936d86490806febdf4

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Full text

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.

Legislative history

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