[Code of Federal Regulations] [Title 41, Volume 3] [Revised as of July 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 41CFR102-33.200] [Page 57] TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT CHAPTER 102--FEDERAL MANAGEMENT REGULATION PART 102-33_MANAGEMENT OF GOVERNMENT AIRCRAFT--Table of Contents Subpart C_Managing Government Aircraft and Aircraft Parts Sec. 102-33.200 Must we periodically justify owning and operating Federal aircraft? Yes, after you have held a Federal aircraft for five years, you must justify owning and operating the aircraft by reviewing your operations and establishing that you have a continuing need for the aircraft, as required in OMB Circular A-76. You must also establish the cost- effectiveness of all your aircraft operations following OMB-approved cost justification methodologies, which are described in OMB Circular A- 76 every five years.