41 C.F.R. · Public Contracts and Property Management
41 C.F.R. § 102.37.365

What steps must a SASP take if the State decides to liquidate the agency?

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Regulatory Text

41 C.F.R. § 102.37.365 — What steps must a SASP take if the State decides to liquidate the agency?

§ 102–37.365 What steps must a SASP take if the State decides to liquidate the agency? Before suspending operations, a SASP must submit to GSA a liquidation plan that includes: (a) Reasons for the liquidation; (b) A schedule for liquidating the agency and the estimated date of termination; (c) Method of disposing of property on hand under the requirements of this part; (d) Method of disposing of the agency's physical and financial assets; (e) Retention of all available records of the SASP for a 2-year period following liquidation; and (f) Designation of another governmental entity to serve as the agency's successor in function until continuing obligations on property donated prior to the closing of the agency are fulfilled.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR41-SEC-6EDA5C
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41 C.F.R. § 102.37.365
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The regulatory text of 41 C.F.R. § 102.37.365 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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