[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR72.61]

[Page 1129]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--BUREAU OF ALCOHOL, TOBACCO AND FIREARMS, DEPARTMENT OF THE 
                                TREASURY
 
PART 72--DISPOSITION OF SEIZED PERSONAL PROPERTY--Table of Contents
 
   Subpart F--Administrative Sale or Disposition of Personal Property
 
Sec. 72.61  Alternative methods of sale.


    (a) Sale by auction or competitive bid. When personal property or a 
carrier. When personal property or a carrier forfeited administratively 
may be sold, the Director or his delegate shall cause a notice of sale 
to be placed in a newspaper of general circulation published in the 
judicial district wherein the seizure was made. The sale shall not occur 
in less than 10 days from the date of the publication of the notice. At 
the discretion of the Director or his delegate based upon which method 
in his sound judgment is most advantageous to the best interests of the 
United States, the forfeited personal property or carrier may be 
advertised for sale, and sold, at public auction to the highest bidder 
on open, competitive bids, or to the highest bidder on sealed, 
competitive bids.
    (b) Sale by General Services Administration. When a vessel, vehicle, 
or aircraft seized under 49 U.S.C. App., Chapter 11 is forfeited 
administratively, the Director may authorize the General Services 
Administration to conduct the sale pursuant to such conditions as the 
Director deems proper.

(68A Stat. 870, as amended; 26 U.S.C. 7325)

[T.D. ATF-9, 39 FR 9954, Mar. 15, 1974, as amended by T.D. ATF-183, 49 
FR 37061, Sept. 21, 1984; T.D. ATF-241, 51 FR 39613, Oct. 29, 1986; T.D. 
ATF-270, 53 FR 10489, Mar. 31, 1988]