[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: 41CFR102-39.65]

[Page 154]
 
           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 C_Exchange/Sale Methods and Reports
 
Sec. 102-39.65  What are the sales methods?

    (a) You must use the methods, terms, and conditions of sale, and the 
forms prescribed in part 102-38 of this title, in the sale of property 
being replaced, except for the provisions of Sec. Sec. 102-38.100 
through 102-38.115 of this title regarding negotiated sales. Section 
3709, Revised Statutes (41 U.S.C. 5), specifies the following conditions 
under which property being replaced can be sold by negotiation, subject 
to obtaining such competition as is feasible:
    (1) The reasonable value involved in the contract does not exceed 
$500; or
    (2) Otherwise authorized by law.
    (b) You may sell property being replaced by negotiation at fixed 
prices in accordance with the provisions of Sec. 102-38.120 and 102-
38.125 of this title.

[66 FR 48614, Sept. 21, 2001, as amended at 69 FR 11539, Mar. 11, 2004]