When is an appraisal necessary?

  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. Utilization, Donation, and Disposal of Foreign Gifts and Decorations
  8. General Provisions
  9. Appraisals
  10. When is an appraisal necessary?

Checkout our iOS App for a better way to browser and research.

§ 102-42.40 When is an appraisal necessary?

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]


Download our app to see the most-to-date content.