[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-38.105]

[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 B_Sales Process
 
Sec. 102-38.105  Under what conditions may we negotiate sales of 
personal property?

    You may negotiate sales of personal property when--
    (a) The personal property has an estimated fair market value that 
does not exceed $15,000;
    (b) The disposal will be to a State, territory, possession, 
political subdivision thereof, or tax-supported agency therein, and the 
estimated fair market value of the property and other satisfactory terms 
of disposal are obtained by negotiation;
    (c) Bid prices after advertising are not reasonable and re-
advertising would serve no useful purpose;
    (d) Public exigency does not permit any delay such as that caused by 
the time required to advertise a sale;
    (e) The sale promotes public health, safety, or national security;
    (f) The sale is in the public interest under a national emergency 
declared by the President or the Congress. This

[[Page 144]]

authority may be used only with specific lot(s) of property or for 
categories determined by the Administrator of General Services for a 
designated period but not in excess of three months;
    (g) Selling the property competitively would have an adverse impact 
on the national economy, provided that the estimated fair market value 
of the property and other satisfactory terms of disposal can be obtained 
by negotiation, e.g., sale of large quantities of an agricultural 
product that impact domestic markets; or
    (h) Otherwise authorized by Title 40 of the U.S. Code or other law.