[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-39.15]

[Page 144-145]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-39--REPLACEMENT OF PERSONAL PROPERTY PURSUANT TO THE EXCHANGE/SALE 
AUTHORITY--Table of Contents
 
                           Subpart A--General
 
Sec. 102-39.15  Why should I use the exchange/sale authority?

    You should use the exchange/sale authority to:
    (a) Reduce the cost of replacement personal property. If you have 
personal property that needs to be replaced, you can exchange or sell 
that property and apply the exchange allowance or sales proceeds to 
reduce the cost of similar replacement property. By contrast, if you 
choose not to replace the property using the exchange/sale authority, 
you may declare it excess and dispose of it through the normal disposal 
process. Any sales proceeds from the eventual

[[Page 145]]

sale of that property as surplus generally must be forwarded to the 
miscellaneous receipts account at the United States Treasury and thus 
would not be available to you.
    (b) Avoid costs (e.g., administrative and storage) that may be 
incurred when declaring the property to be replaced as excess and 
processing it through the normal disposal process. The normal disposal 
process may include abandonment or destruction, reutilization by other 
Federal agencies, donation to eligible non-Federal public or non-profit 
organizations, or sale to the public. The time required to determine 
which of these options will apply and to complete the disposal 
transaction is likely to exceed the time required for an exchange/sale 
transaction.