41 CFR 102-42.40
§ 102-42.40 Appraisals.
United States · 41 CFR — Public Contracts and Property Management · Status: effective
Cite this
- Citation
- 41 CFR 102-42.40, § 102-42.40 Appraisals, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/198248
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Full text
An appraisal is required in the following circumstances:
(a) When an employee expresses interest in purchasing a gift or decoration. In this situation, the appraisal must be obtained prior to reporting the gift or decoration to GSA for screening (see § 102-42.20);
(b) When GSA requires the employing agency to obtain an appraisal of a gift or decoration retained for official use but no longer needed, prior to accepting the agency's report of the item as excess personal property; or
Refer to § 102-42.50 for guidance on how appraisals under these two situations are handled.
(c) When required by the agency's internal policy, pursuant to 5 U.S.C. 7342(g).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.