CFR > Title 41 - Public Contracts and Property Management > SUBTITLE C—Federal Property Management Regulations System > CHAPTER 102—FEDERAL MANAGEMENT REGULATION (parts 102 to 102-197) > SUBCHAPTER B—PERSONAL PROPERTY (parts 102-31 to 102-42) > PART 102-42—UTILIZATION, DONATION, AND DISPOSAL OF FOREIGN GIFTS AND DECORATIONS > SUBPART D—Sale or Destruction of Foreign Gifts and Decorations (§102-42.135 to §102-42.155) > 102-42.140—How is a sale of a foreign gift or decoration to an employee conducted?

102-42.140—How is a sale of a foreign gift or decoration to an employee conducted?

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.

Code of Federal Regulations

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