May we retain the proceeds received from the sale of voluntarily abandoned personal property?

  1. Law
  2. CFR 41
  3. Public Contracts and Property Management
  4. Federal Property Management Regulations System
  5. Federal Management Regulation
  6. Personal Property
  7. Disposition of Seized, Forfeited, Voluntarily Abandoned, and Unclaimed Personal Property
  8. Voluntarily Abandoned Personal Property
  9. May we retain the proceeds received from the sale of voluntarily abandoned personal property?

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§ 102-41.115 May we retain the proceeds received from the sale of voluntarily abandoned personal property?

No, you must deposit the sales proceeds in the U.S. Treasury as miscellaneous receipts unless your agency has specific statutory authority to do otherwise.


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