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 A—General Provisions (§102-42.5 to §102-42.75) > 102-42.40—When is an appraisal necessary?

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).

Code of Federal Regulations

Note to § 102-42.40 paragraphs (a) and (b): Refer to § 102-42.50 for how appraisals under these two situations are handled.

Code of Federal Regulations

[74 FR 2396, Jan. 15, 2009]