[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: 41CFR102-39.50]

[Page 155]
 
           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 B_Exchange/Sale Considerations
 
Sec. 102-39.50  What conditions apply to the exchange/sale of personal 
property?

    You may use the exchange/sale authority only if you meet all of the 
following conditions:
    (a) The property exchanged or sold is similar to the property 
acquired;
    (b) The property exchanged or sold is not excess or surplus, and you 
have a continuing need for that type of property;
    (c) The number of items acquired must equal the number of items 
exchanged or sold unless:
    (1) The item(s) acquired perform all or substantially all of the 
tasks for which the item(s) exchanged or sold would otherwise be used; 
or
    (2) The item(s) acquired and the item(s) exchanged or sold meet the 
test for similarity specified in Sec. 102-39.20 that they are a part(s) 
or container(s) for identical or similar end items;
    (d) The property exchanged or sold was not acquired for the 
principal purpose of exchange or sale; and
    (e) You document at the time of exchange or sale (or at the time of 
acquiring the replacement property if it precedes the sale) that the 
exchange allowance or sale proceeds will be applied to the acquisition 
of replacement property.