Title 41

SECTION 102-75.885

102-75.885 What are the disposal agency's responsibilities concerning negotiated sales

§ 102-75.885 What are the disposal agency's responsibilities concerning negotiated sales?

The disposal agency must -

(a) Obtain such competition as is feasible in all negotiations of disposals and contracts for disposal of surplus property; and

(b) Prepare and transmit an explanatory statement if the fair market value of the property exceeds $100,000, identifying the circumstances of each disposal by negotiation for any real property specified in 40 U.S.C. 545(e), to the appropriate committees of the Congress in advance of such disposal.

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