[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: 41CFR102-38.115]

[Page 145-146]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-38_SALE OF PERSONAL PROPERTY--Table of Contents
 
                         Subpart B_Sales Process
 
Sec. 102-38.115  What are the specific reporting requirements for 
negotiated sales?

    For negotiated sales of personal property, you must--

[[Page 146]]

    (a) In accordance with 40 U.S.C. 545(e), and in advance of the sale, 
submit to the oversight committees for the General Services 
Administration (GSA) in the Senate and House, explanatory statements for 
each sale by negotiation of any personal property with an estimated fair 
market value in excess of $15,000. You must maintain copies of the 
explanatory statements in your disposal files. No statement is needed 
for negotiated sales at fixed price or for any sale made without 
advertising when authorized by law other than 40 U.S.C. 545; and
    (b) Report annually to GSA, Personal Property Management Policy 
Division (MTP), 1800 F Street, NW., Washington, DC, 20405, within 60 
calendar days after the close of each fiscal year, a listing and 
description of all negotiated sales of personal property with an 
estimated fair market value in excess of $5,000. You may submit the 
report electronically or manually (see Sec. 102-38.330).