41 C.F.R. · Public Contracts and Property Management
41 C.F.R. § 102.75.240

May excess real property be temporarily assigned/reassigned?

Title 41 C.F.R. ● ACTIVE Primary Source
Regulatory Text

41 C.F.R. § 102.75.240 — May excess real property be temporarily assigned/reassigned?

§ 102–75.240 May excess real property be temporarily assigned/reassigned? Yes, whenever GSA determines that it is more advantageous to assign property temporarily rather than permanently, it may do so. If the space is for office, storage, or related facilities, GSA will determine the length of the assignment/reassignment. Agencies are required to reimburse the landholding agency (or GSA, if GSA has become responsible for seeking an appropriation for protection and maintenance expenses) (see § 102–75.970) for protection and maintenance expenses. GSA may also temporarily assign/reassign excess real property for uses other than storage, office or related facilities. In such cases, the agency receiving the temporary assignment may be required to pay a rental or users charge based upon the fair market value of the property, as determined by GSA. If the property will be required by the agency for a period of more than 1 year, it may be transferred on a conditional basis, with an understanding that the property will be reported excess at an agreed upon time (see § 102–75.85). The requesting agency is responsible for protection and maintenance expenses. Non-Federal Interim Use of Excess Property

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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41 C.F.R. § 102.75.240
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The regulatory text of 41 C.F.R. § 102.75.240 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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