Source: http://www.fedgovcontracts.com/pe01-124.htm
Timestamp: 2019-02-17 14:55:09
Document Index: 251971828

Matched Legal Cases: ['art 101', 'art 102', 'arts 102', 'art 39', 'art 102', 'art?\n102', 'art?\n102']

9/21/01 Dispatch: FMR - Replacement of Property Under the Exchange/Sale Authority
SUBJECT: Federal Management Regulation (FMR); Replacement of Property Under the Exchange/Sale Authority
SOURCE: Federal Register, September 21, 2001, Vol. 66, No. 184, page 48614
SYNOPSIS: GSA is updating, streamlining, and clarifying Federal Property Management Regulations (FPMR) Part 101-46, Replacement of Personal Property Pursuant to the Exchange/Sale Authority, then moving it into the new Federal Management Regulation (FMR) as Part 102-39, Replacement of Personal Property Pursuant to the Exchange/Sale Authority.
EDITOR'S NOTE: For more on the proposed rule, see the September 26, 2000, FEDERAL CONTRACTS DISPATCH "Federal Management Regulation (FMR); Replacement of Personal Property Pursuant to the Exchange/Sale Authority."
FOR FURTHER INFORMATION CONTACT: Rick Bender, Personal Property Management Policy Division (MTP), 202-501-3448.
SUPPLEMENTAL INFORMATION: On September 26, 2000, GSA published a proposed rule to remove FPMR 101-46, then move it to FMR 102-39 and revise it. All that would remain of FPMR 101-46 would be FPMR 101-46.000, Cross-Reference to the Federal Management Regulation (FMR) (41 CFR Chapter 102, Parts 102-1 through 102-220), which would state, "For information on replacement of personal property pursuant to the exchange/sale authority previously contained in this part, see FMR Part 39 (41 CFR Part 102-39)."
In addition to rewriting FPMR 101-46, the rule proposed to make the following changes:
Revising the definition of "replacement" (proposed FMR 102-39.20, What definitions apply to this part?).
Adding a new provision regarding the fixed price sale of exchange/sale property to a State Agency for Surplus Property (SASP) before conducting an exchange/sale with a non-government entity (proposed FMR 102-39.40, When should I arrange for a reimbursable transfer of exchange/sale property to a Federal agency or other eligible organization, or sell such property to a State Agency for Surplus Property?).
Removing furniture from the types of personal property that are ineligible for exchange/sale, and clarifying restrictions on the exchange/sale of combat material (proposed FMR 102-39.45, What prohibitions apply to the exchange/sale of personal property?).
Removing the requirement that the number of items acquired must equal the number of items exchanged or sold unless certain exceptions are met (paragraph (b)(3) of FPMR 101-46.204, What prohibitions and necessary conditions apply to the exchange/sale of personal property?, would not appear in FMR 102-39.45).
Revising the requirement for documentation of exchange/sale transactions (proposed FMR 102-39.50, What conditions apply to the exchange/sale of personal property?).
Adding a new annual reporting requirement for exchange/sale transactions (proposed FMR 102-39.75, What information am I required to report?)
Removing the requirement that proceeds from the sale of personal property under the exchange/sale authority be accounted for in accordance with General Accounting Office regulations (FPMR 101-46.302, What are the accounting requirements for the proceeds of sale?).
GSA has decided to finalize the proposed rule with minor editorial changes.
The following is the table of contents for FMR 102-39:
102-39.5 How are the terms "I" and "you" used in this part?
102-39.10 What does this part cover?
102-39.15 Why should I use the exchange/sale authority?
102-39.20 What definitions apply to this part?
102-39.25 How do I request a deviation from this part?
Subpart B -- Exchange/Sale Considerations
102-39.30 When should I not use the exchange/sale authority?
102-39.35 How do I determine whether to do an exchange or a sale?
102-39.40 When should I arrange for a reimbursable transfer of exchange/sale property to a Federal agency or other eligible organization, or sell such property to a State Agency for Surplus Property?
102-39.45 What prohibitions apply to the exchange/sale of personal property?
102-39.50 What conditions apply to the exchange/sale of personal property?
102-39.55 What exceptions apply to the necessary conditions for exchange/sale in Sec. 102-39.50?
Subpart C -- Exchange/Sale Methods and Reports
102-39.60 What are the exchange methods?
102-39.65 What are the sales methods?
102-39.70 What are the accounting requirements for the proceeds of sale?
102-39.75 What am I required to report?