Proceeds from sales of surplus property.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Proceeds from sales of surplus property. 45.604-3 Section 45.604-3 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACT MANAGEMENT GOVERNMENT PROPERTY Reporting, Reutilization, and Disposal 45.604–3 Proceeds from sales of surplus property. Proceeds of any sale are to be credited to the Treasury of the United States as miscellaneous receipts, unless otherwise authorized by statute or the contract or any subcontract thereunder authorizes the proceeds to be credited to the price or cost of the work (40 U.S.C. 571 and 574). [69 FR 17745, Apr. 4, 2004. Redesignated at 77 FR 12944, Mar. 2, 2012]