[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: 41CFR102-38.120]

[Page 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. 102-38.120  When may we conduct negotiated sales of personal 
property at fixed prices (fixed price sale)?

    You may sell personal property at fixed prices when the head of your 
agency, or designee, determines in writing that such sale serves the 
best interests of the Government. You must publicize such sale to the 
extent consistent with the value and nature of the property involved, 
and the prices established must reflect the estimated fair market value 
of the property. Property is sold on a first-come, first-served basis. 
You may also establish additional terms and conditions that must be met 
by the successful purchaser.