41 CFR § 102-42.40

41 CFR · Public Contracts and Property Management

§ 102-42.40 — Appraisals.

41 CFR § 102-42.40

TitleTitle 41: Public Contracts and Property Management PartPart 102-42: Utilization, Donation, and Disposal of Foreign Gifts and Decorations

SourceeCFR (current through Mar 6, 2026)

This text of 41 C.F.R. § 102-42.40 (Appraisals.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

41 C.F.R. § 102-42.40 (2026).

Text

§ 102-42.40 Appraisals. An appraisal is required in the following circumstances:

(a)When an employee expresses interest in purchasing a gift or decoration. In this situation, the appraisal must be obtained prior to reporting the gift or decoration to GSA for screening (see § 102-42.20);

(b)When GSA requires the employing agency to obtain an appraisal of a gift or decoration retained for official use but no longer needed, prior to accepting the agency's report of the item as excess personal property; or Note 1 to paragraphs (a) and (b): Refer to § 102-42.50 for guidance on how appraisals under these two situations are handled.

(c)When required by the agency's internal policy, pursuant to 5 U.S.C. 7342(g).

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§ 102-42.40 Appraisals.

An appraisal is required in the following circumstances:

(a) When an employee expresses interest in purchasing a gift or decoration. In this situation, the appraisal must be obtained prior to reporting the gift or decoration to GSA for screening (see § 102-42.20);

(b) When GSA requires the employing agency to obtain an appraisal of a gift or decoration retained for official use but no longer needed, prior to accepting the agency's report of the item as excess personal property; or

Note 1 to paragraphs (a) and (b):

Refer to § 102-42.50 for guidance on how appraisals under these two situations are handled.

(c) When required by the agency's internal policy, pursuant to 5 U.S.C. 7342(g).