The term excess property refers to property that is under the control of a federal agency. The head of that agency determines that the property is no longer needed to fulfill the agency's responsibilities or requirements. This designation allows the agency to manage or dispose of the property in accordance with federal regulations.
Excess property is primarily relevant in the context of federal property management and disposal. It is used in various legal practices, particularly in administrative law and government contracting. Understanding excess property can be important for:
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Here are a couple of examples of abatement:
Here are a couple of examples of excess property:
Excess property is governed by federal regulations, particularly:
| Term | Definition | Key Differences |
|---|---|---|
| Surplus Property | Property that is no longer needed by an agency but may still be usable. | Surplus property may still serve a purpose, while excess property is deemed unnecessary. |
| Abandoned Property | Property that has been left by its owner with no intention of reclaiming it. | Excess property is still under agency control, while abandoned property is not. |
If you believe you are dealing with excess property, consider the following steps:
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| Attribute | Details |
|---|---|
| Definition | Property no longer needed by a federal agency. |
| Key Authority | 40 U.S.C. § 102 |
| Potential Actions | Sale, donation, or repurposing. |
Excess property can be sold, donated, or repurposed according to federal regulations.