When is an appraisal necessary?

§ 102–42.40 When is an appraisal necessary? An appraisal is necessary when— (a) An employee indicates an interest in purchasing a gift or decoration. In this situation, the appraisal must be obtained before the gift or decoration is reported to GSA for screening (see 102–42.20); or (b) GSA requires the employing agency to obtain an appraisal of a gift or decoration that the agency has retained for official use and no longer needs before accepting the agency's report of the item as excess personal property; or (c) The policy of one's own agency requires it, pursuant to 5 U.S.C. 7342(g). Note to § 102–42.40 paragraphs ( a ) and ( b ): Refer to § 102–42.50 for how appraisals under these two situations are handled. [74 FR 2396, Jan. 15, 2009]