An appraisal is necessary when—
(a) An employee indicates an interest in purchasing a gift or decoration. In this situation, the appraisal must be obtained before the gift or decoration is reported to GSA for screening (see 102-42.20); or
(b) GSA requires the employing agency to obtain an appraisal of a gift or decoration that the agency has retained for official use and no longer needs before accepting the agency's report of the item as excess personal property; or
(c) The policy of one's own agency requires it, pursuant to 5 U.S.C. 7342(g).
Note to §102-42.40 paragraphs (a) and (b): Refer to §102-42.50 for how appraisals under these two situations are handled.
[74 FR 2396, Jan. 15, 2009]
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