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Code of Federal Regulations Title 41. Public Contracts and Property Management § 41.102–42.45 What is my agency's responsibility for establishing procedures for obtaining an appraisal?

Current as of January 02, 2025 | Updated by Findlaw Staff

The employing agency is responsible for establishing its own procedure for obtaining an appraisal that represents the value of the gift in the United States. This applies to all gifts, even when the recipient wishes to retain and/or purchase the gift. Appraisals are required for gifts that are personalized (e.g., Books signed by the author, Gifts personally labeled).

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Cite this article: FindLaw.com - Code of Federal Regulations Title 41. Public Contracts and Property Management § 41.102–42.45 What is my agency's responsibility for establishing procedures for obtaining an appraisal? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-41-public-contracts-and-property-management/cfr-sect-41-102-42-45/

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