[Code of Federal Regulations]

[Title 48, Volume 5]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR871.102]



[Page 260]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 8--DEPARTMENT OF VETERANS AFFAIRS

 

PART 871_LOAN GUARANTY AND VOCATIONAL REHABILITATION AND COUNSELING 

PROGRAMS--Table of Contents

 

                   Subpart 871.1_Loan Guaranty Program

 

Sec. 871.102  Authorization for repairs to properties.



    (a) Except as provided in this subpart, Directors, Loan Guaranty 

Officers, and Assistant Loan Guaranty Officers, VA Regional Offices, are 

authorized to approve a repair program for any Department of Veterans 

Affairs property acquired under Chapter 37, Title 38, United States 

Code, where the cost does not exceed $25,000. A repair program means the 

aggregate amount of the proposed contracts which are contemplated in a 

property analysis by the Loan Guaranty activity.

    (b) In those cases where the expenditure is known or estimated to 

exceed $25,000, the request, together with the loan guaranty folder, 

will be forwarded to the Under Secretary for Benefits for approval.

    (c) During the period when the Department of Veterans Affairs has 

assumed custody of the property from a holder and prior to its 

conveyance to the Deparment of Veterans Affairs pursuant to 38 CFR 

36.4320, repairs are authorized not in excess of $3,500 when appropriate 

to make the property ready for sale at an earler date than would 

otherwise be possible if the repair program was delayed until such time 

as the Department of Veterans Affairs acquired absolute title. In those 

cases where the expenditure is known or estimated to exceed $3,500, the 

request, together with the loan guarantee folder, will be forwarded to 

the Under Secretary for Benefits for approval.

    (d) No repairs may be made to property by the holder when it has 

continued custody except for emergeny repairs not in excess of $500 

unless adequate notice has been given the Director, VA Regional Office. 

Emergency repairs as applied in this paragraph will be deemed to mean 

those requiring immediate action to preserve the property from serious 

damage or to correct a situation imminently dangerous to life or limb, 

and includes the initial cleanup of the property in order to prevent the 

risk of damage by fire or vandalism.

    (e) An approved management broker may be authorized, at the time a 

property is assigned, to incur expenses for fuel and utilities or other 

recurring items which are required to be furnished by the Department of 

Veterans Affairs to its tenants or are required in the maintenance of 

the property. Advance blanket authorizations to management brokers will 

be limited to repairs not in excess of $500 in any transaction, (the 

management broker will either submit receipts with the invoice or 

maintain such receipts for inspection). Expenditures in excess of $500 

require prior approval of the Director, Regional Office, having 

jurisdiction of the property. Repair jobs may not be split to circumvent 

this restriction.



[49 FR 12641, Mar. 29, 1984, as amended at 55 FR 31600, Aug. 3, 1990; 61 

FR 20493, 20494, May 7, 1996; 63 FR 69223, Dec. 16, 1998]



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