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Title 41 Part 128-48 → Subpart 128 → §128-48.102-4

Title 41 → Subtitle C → Chapter 128 → Part 128-48 → Subpart 128 → §128-48.102-4

Electronic Code of Federal Regulations e-CFR

Title 41 Part 128-48 → Subpart 128 → §128-48.102-4

e-CFR data is current as of December 10, 2018

Title 41Subtitle CChapter 128Part 128-48Subpart 128 → §128-48.102-4


Title 41: Public Contracts and Property Management
PART 128-48—UTILIZATION, DONATION, OR DISPOSAL OF ABANDONED AND FORFEITED PERSONAL PROPERTY
Subpart 128-48.1—Utilization of Abandoned and Forfeited Personal Property


§128-48.102-4   Proceeds.

(a) Records of abandoned or other unclaimed property will be maintained in such a manner as to permit identification of the property with the original owner, if known, when such property is put into official use or transferred for official use by the finding bureau. Records will be maintained until the three-year period for filing claims has elapsed to enable the bureau to determine the amount of reimbursement due to a former owner who has filed a proper claim for abandoned or other unclaimed property.

(b) Reimbursement for official use by the finding bureau or transfer for official use of abandoned or other unclaimed property that has been placed in a special fund by the bureau for more than three years shall be deposited in the Treasury of the United States as miscellaneous receipts, or in such other bureau accounts as provided by law.