32 C.F.R. Appendix B to Part 172—Disposition of Amounts Collected From Successful Bidders
Title 32 - National Defense
[55 FR 13903, Apr. 13, 1990]
Title 32: National Defense
PART 172—DISPOSITION OF PROCEEDS FROM DOD SALES OF SURPLUS PERSONAL PROPERTY
Appendix B to Part 172—Disposition of Amounts Collected From Successful Bidders
------------------------------------------------------------------------ Disposition of: --------------------------------------- Type of property (80%) remaining (20%) bid deposit balance------------------------------------------------------------------------1. Scrap turned in by industrial IF................ IF. fund (IF) activities.2. Usable personal property IF................ IF. purchased by and turned in by IF activities.3. Property purchased with funds _ X8420........... _ X8420. from trust fund _ X8420, ``Surcharge Collections, Sales of Commissary Stores''.4. Automatic data processing _ F3875, Budget _ F3875. Upon equipment owned by the General Clearing Account receipt of the Services Administration (GSA) (Suspense). entire amount due and leased to DoD. from the bidder, a check shall be drawn on the suspense account and forwarded to GSA at the following address: General Services Administration Office of Finance (WBCRC), Collections and Securities, 7th and I Streets NW., Washington, DC 20407.5. Section 605(d) the Foreign Assistance Act of 1965, provides that proceeds from the sale of defense articles shall be credited to the appropriation, fund or account used to procure the article or to the account currently available for the same general purpose. a. Pre-MAP merger (Pre FY 82) 11_1082, ``Foreign 11_1082. property issued under the Military Military Assistance Program Financing (MAP) and returned as no Program'' longer needed, and all MAP (Effective 1 funded personal property October 1989 the belong to Security Assistance 11_1080, Offices (SAO). ``Military Assitance,'' account is no longer available for the receipt of proceeds). b. Security Assistance Offices 978242 XDM_ 978242 XDM_ (SAO) personal property S843000. S843000. purchased with Foreign Military Sales Administrative Funds (11x8242).6. Coast Guard property under _ F3875........... _ F3875. Upon the physical control of the receipt of the Coast Guard at the time of sale. entire amount due from the bidder, a check shall be drawn on the suspense account and forwarded to the Coast Guard at the following address: Commandant, U.S. Coast Guard (GFAC), Washington, DC 20593.7. Property owned by _ X6874, _ X6875. Upon nonappropriated fund ``Suspense''. receipt of the instrumentalities, excluding entire amount due garbage suitable for animal from the bidder, consumption that is disposed of a check shall be under a multiple-pickup drawn on the contract. suspense account and forwarded to the applicable instrumentality.8. Recyclable material.......... _ F3875 \1\....... _ F3875.\1\ Upon receipt of the entire amount due from the bidder, deposit total proceeds to the accounts designated by the DoD Military Installation that gave the material up for disposal.9. Lost, abandoned, or unclaimed 972651,``Sale of _ X6001, privately owned personal Scrap and Salvage ``Proceeds of property. Materials, Sales of Lost, Defense''. Abandoned or Unclaimed Personal Property.'' The owner(s) of lost, abandoned, or unclaimed property may claim the net proceeds from sale of that property within 5 years of the date of the sale by providing proof of ownership to the government. After 5 years from the date of the sale, any unclaimed net proceeds shall be transferred from _ X6001 to general fund miscellaneous receipt account _1060, ``Forfeitures of Unclaimed Money and Property.''10. Property owned by a country Operation and _ X6875. Upon or international organization. maintenance receipt of the appropriation of entire amount due the DoD Component from the bidder, that sells the a check for 80% property. (This of the sales is reimbursement price shall be for selling drawn on the expenses.). suspense account and forwarded to the applicable foreign country or international organization.11. Bones, fats, and meat Stock Fund........ Stock Fund. trimmings generated by a commissary store.12. Government furnished (\2\)............. (\2\). property sold by contractors.13. All other property.......... 972651............ 972651.------------------------------------------------------------------------\1\ 10 U.S.C. 2577 limits the amounts which can be held in F3875 at the end of any fiscal year resulting from the program to $2 million. Amounts in excess of $2 million are to be transferred to Miscellaneous Receipts of the Treasury. This instruction provides for immediate distribution of all sales proceeds received from the recyclable program.\2\ See subsection D.7. of the basic Instruction.
