[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: 41CFR101-48.305]



[Page 205]

 

           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

 

          CHAPTER 101--FEDERAL PROPERTY MANAGEMENT REGULATIONS

 

PART 101-48_UTILIZATION, DONATION, OR DISPOSAL OF ABANDONED AND 

FORFEITED PERSONAL PROPERTY--Table of Contents

 

 Subpart 101-48.3_Disposal of Abandoned and Forfeited Personal Property

 

Sec. 101-48.305  Property other than distilled spirits, wine, malt 

beverages, firearms, and drug paraphernalia.



    (a) Property forfeited other than by court decree or voluntarily 

abandoned, except distilled spirts, wine, malt beverages, firearms, and 

drug paraphernalia, which is not returned to a claimant, retained by the 

agency of custody, or transferred in accordance with subpart 101-48.1 

may be released to the holding agency by the GSA National Capital Region 

for public sale, except as otherwise provided by law.

    (b) Abandoned or other unclaimed property which is not retained by 

the holding agency, not transferred to another agency, or not required 

to be reported by the provisions of Sec. 101-48.102, may be reported 

for sale to the appropriate selling activity at any time after title 

vests in the United States as provided in Sec. 101-48.102-1.

    (c) Voluntarily abandoned, abandoned, or other unclaimed property 

and, in the absence of specific direction by a court, forfeited 

property, normally shall be sold by competitive bid as prescribed in 

Sec. 101-45.304-1, subject to the same terms and conditions as would be 

applicable to the sale of surplus personal property. Voluntarily 

abandoned, abandoned, or other unclaimed property and forfeited property 

may be sold also by negotiation at the discretion of the selling agency 

but only under the circumstances set forth in Sec. 101-45.304-2. Such 

property shall be identified by the holding agency as abandoned or other 

unclaimed, voluntarily abandoned, or forfeited property, and shall be 

reported for sale to the appropriate GSA regional office or to such 

other agency as otherwise is responsible for selling its surplus 

personal property unless specifically required by law to be sold by the 

holding agency.



[56 FR 40262, Aug. 14, 1991]