[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: 41CFR102-39.65]

[Page 147]
 
           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 C--Exchange/Sale Methods and Reports
 
Sec. 102-39.65  What are the sales methods?

    (a) You must use the methods, terms, and conditions of sale, and the 
forms prescribed in Sec. 101-45.304 of this title in the sale of 
property being replaced, except for the provisions of Sec. 101-45.304-
2(a) of this title regarding negotiated sales. Section 3709, Revised 
Statutes (41 U.S.C. 5), specifies the following conditions under which 
property being replaced can be sold by negotiation, subject to obtaining 
such competition as is feasible:
    (1) The reasonable value involved in the contract does not exceed 
$500; or
    (2) Otherwise authorized by law.
    (b) You may sell property being replaced by negotiation at fixed 
prices in accordance with the provisions of Sec. 101-45.304-2(b) of this 
title.

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