Surplus personal property refers to items that are no longer needed by federal agencies, as determined by the General Services Administration (GSA). This property is considered excess and is available for disposal or transfer. Surplus personal property can include a wide range of items, such as equipment, vehicles, and office supplies, which are no longer required for government operations.
This term is primarily used in the context of federal property management and disposal regulations. Surplus personal property is relevant in legal areas such as administrative law and government contracting. Individuals and organizations can utilize surplus property through public auctions or direct transfers, often facilitated by legal forms and templates provided by services like US Legal Forms.
Here are a couple of examples of abatement:
For instance, a federal agency may have surplus office furniture that is no longer needed due to downsizing. This furniture can be listed for sale through a government auction platform.
(hypothetical example)
The primary regulation governing surplus personal property is found in Title 41 of the Code of Federal Regulations, specifically 41 CFR 102-36. This regulation outlines the procedures for the disposal of excess personal property by federal agencies.
| Term | Definition | Key Differences |
|---|---|---|
| Excess Property | Property that is no longer needed but may still be usable. | Surplus property is specifically declared as excess and available for disposal. |
| Abandoned Property | Property that has been discarded or left behind without intent to reclaim. | Surplus property is actively managed and offered for sale or transfer, unlike abandoned property. |
If you are interested in acquiring surplus personal property, you can participate in government auctions or check listings provided by the GSA. It may be beneficial to use legal forms to facilitate the purchase process. For complex situations, consider seeking professional legal assistance.
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| Attribute | Details |
|---|---|
| Typical Items | Office supplies, vehicles, equipment |
| Jurisdiction | Federal government |
| Acquisition Method | Auction, direct transfer |