Exchange/Sale of Personal Property

Exchange/Sale of personal property is identified by Federal Management Regulation, FMR 102-39 as being eligible for replacement. Generally, this property is subject to specific restrictions and limitations.

Executive agencies should use the exchange/sale authority to reduce agencies' needs for additional funding for the acquisition of replacement personal property. If agencies have personal property that needs to be replaced, property can be exchanged or sold and the exchange allowance or sales proceeds can be applied to the acquisition of similar replacement property. Using the exchange/sale authority also enables agencies to avoid the costs (e.g., storage and administrative) associated with holding the property and processing it through the normal disposal cycle which consists of:

• Reutilization by other federal agencies;
• Donation to eligible nonfederal public or nonprofit organizations;
• Sale to the public; and
• Abandonment or destruction.

By contrast, if the holding agencies do not use the exchange/sale authority, but instead reports the property to be replaced as excess, any sales proceeds are forwarded to the miscellaneous receipts account at the United States Treasury. These proceeds are not available to the agency disposing of the property. For additional information, contact the appropriate Personal Property Management Office.

e-TOOLS

• GSA Auctions^®
• Surplus Personal Property Sales
• MySales

FORMS

• SF120
• SF126

RELATED GSA TOPICS

• Consumer Information
• Personal Property Systems
• Real Property Policy Programs