[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: 41CFR102-38.35]

[Page 141]
 
           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. 102-38.35  What definitions apply to this part?

    The following definitions apply to this part:
    Bid means a response to an offer to sell that, if accepted, would 
bind the bidder to the terms and conditions of the contract (including 
the bid price).
    Bidder means any entity that is responding to or has responded to an 
offer to sell.
    Estimated fair market value means the selling agency's best estimate 
of what the property would be sold for if offered for public sale.
    Identical bids means bids for the same item of property having the 
same total price.
    Personal property means any property, except real property. For 
purposes of this part, the term excludes records of the Federal 
Government, and naval vessels of the following categories:
    (1) Battleships;
    (2) Cruisers;
    (3) Aircraft carriers;
    (4) Destroyers; and
    (5) Submarines.
    State Agency for Surplus Property (SASP) means the agency designated 
under State law to receive Federal surplus personal property for 
distribution to eligible donees within the State as provided for in 40 
U.S.C. 549.
    State or local government means a State, territory, possession, 
political subdivision thereof, or tax-supported agency therein.

                            Responsibilities