41 C.F.R. § 102-38.295 May we retain sales proceeds?
Title 41 - Public Contracts and Property Management
(a) You may retain that portion of the sales proceeds equal to the direct costs and reasonably related indirect costs incurred in selling surplus personal property. (b) You may retain all sales proceeds when— (1) You have statutory authority to retain all proceeds from sales of personal property; (2) You sold property acquired with non-appropriated funds as defined in §102–36.40 of this subchapter B; (3) You sold surplus Government property that was in the custody of a contractor or subcontractor and the contract or subcontract provisions authorize the proceeds of sale to be credited to the price or cost of the contract or subcontract; (4) You sold property to obtain replacement property under the exchange/sale authority pursuant to part 102–39 of this subchapter B; or (5) You sold property related to waste prevention and recycling programs, under the authority of Section 607 of Public Law 107–67 (Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999, Public Law 107–67, 115 Stat. 514). Consult your General Counsel or Chief Financial Officer for guidance on use of this authority.
Title 41: Public Contracts and Property Management
PART 102–38—SALE OF PERSONAL PROPERTY
Subpart D—Completion of Sale
Disposition of Proceeds
§ 102-38.295 May we retain sales proceeds?
