[Code of Federal Regulations]

[Title 41, Volume 2]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 41CFR101-45.002]



[Page 194]

 

           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

 

          CHAPTER 101--FEDERAL PROPERTY MANAGEMENT REGULATIONS

 

PART 101-45_SALE, ABANDONMENT, OR DESTRUCTION OF PERSONAL PROPERTY

--Table of Contents

 

Sec. 101-45.002  Gold.



    (a) Gold will be sold in accordance with this section and part 102-

38 of the Federal Management Regulation.

    (b) Sales of gold shall be processed to--

    (1) Use the sealed bid method of sale;

    (2) Require a 20 percent bid deposit;

    (3) Certify all forms of bid deposit and payments; and

    (4) Include in the invitation for bids only gold and such other 

precious and semiprecious materials as may be available for sale at that 

time.

    (c) Each agency generating scrap gold and also having a continuing 

need for fine gold may arrange for the acceptance of scrap gold for fine 

gold with a private contractor or the Defense Logistics Agency.