[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: 41CFR102-38.55]

[Page 143-144]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-38_SALE OF PERSONAL PROPERTY--Table of Contents
 
                      Subpart A_General Provisions
 
Sec. 102-38.55  What must we do when selling personal property?

    When selling personal property, you must ensure that--
    (a) All sales are made after publicly advertising for bids, except 
as provided for negotiated sales in Sec. Sec. 102-38.100 through 102-
38.125; and

[[Page 144]]

    (b) Advertising for bids must permit full and free competition 
consistent with the value and nature of the property involved.