[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-75.70]

[Page 140]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-75--REAL PROPERTY DISPOSAL--Table of Contents
 
Sec. 102-75.70  What can Executive agencies do to eliminate the potential for windfall profits to public agencies in negotiated sales?

    To eliminate the potential for windfall profits to public agencies, 
Executive agencies must include in negotiated sales to public agencies 
an excess profits clause, which usually runs for 3 years. This clause 
states that, if the purchaser should sell or enter into agreements to 
sell the property within 3 years from the date of title transfer by the 
Federal Government, all proceeds in excess of the purchasers costs will 
be remitted to the Federal Government. (Put the clause found in 
Sec. 101-47.4908 of this title in the offer to purchase and in the 
conveyance document.)