1. LawStack
  2. Title 41 - Public Contracts and Property Management
  3. Subtitle C - FEDERAL PROPERTY MANAGEMENT REGULATIONS SYSTEM
  4. Chapter 102 - FEDERAL MANAGEMENT REGULATION
  5. Subchapter B - PERSONAL PROPERTY
  6. Part 102-42 - UTILIZATION, DONATION, AND DISPOSAL OF FOREIGN GIFTS AND DECORATIONS
  7. Subpart D - Sale or Destruction of Foreign Gifts and Decorations
  8. 41 CFR § 102-42.140
41 CFR § 102-42.140
How is a sale of a foreign gift or decoration to an employee conducted?
June 9, 2020
CFR

Foreign gifts and decorations must be offered first through negotiated sales to the employee who has indicated an interest in purchasing the item. The sale price must be the commercially appraised value of the gift. Sales must be conducted and documented in accordance with part 102-38 of this subchapter B.

[68 FR 56496, Sept. 4, 2003, as amended at 71 FR 28778, May 18, 2006]

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§ 102-42.135 Whose approval must be obtained before a foreign gift or decoration is offered for public sale?
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§ 102-42.145 When is public sale of a foreign gift or decoration authorized?

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