§ 102-39.35 When should I consider using the exchange/sale authority?
§ 102-39.40 How does the exchange/sale authority differ from the disposal process for excess/surplus personal property?
§ 102-39.45 When should I not use the exchange/sale authority?
§ 102-39.50 How do I determine whether to do an exchange or a sale?
§ 102-39.55 When should I offer property I am exchanging or selling under the exchange/sale authority to other Federal agencies or State Agencies for Surplus Property (SASP)?
§ 102-39.60 What restrictions and prohibitions apply to the exchange/sale of personal property?
§ 102-39.65 What conditions apply to the exchange/sale of personal property?

Terms Used In CFR > Title 41 > Subtitle C > Chapter 102 > Subchapter B > Part 102-39 > Subpart B - Exchange/Sale Considerations

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.
  • Statute: A law passed by a legislature.