Code of Federal Regulations Title 41. Public Contracts and Property Management § 41.102–42.40 When is an appraisal necessary?

(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).