Federal Surplus Personal Property Sales Program
The Federal Surplus Personal Property Sales Program offers items that the federal
government no longer needs and exchange/sale property for sale to the general
public by competitive mans. Exchange/sale property is identified by FPMR 101-46
as being eligible for replacement. Generally, this property is subject to specific
restrictions and limitations. Exchange allowances and sales allowances and sales
proceeds are applied toward a one-for-one replacement of like or similar items.
The basic authority for this program is the Federal Property and Administrative
Services Act of 1949, as amended.
GSAs objectives are to conduct sales in an efficient, expeditious manner
and obtain maximum net returns with a minimum of inconvenience to holding agencies.
GSA sells surplus and exchange/sale property for the civilian federal agencies
while the Department of Defense sells for the military services.
|