The surplus release date refers to the specific date when federal screening of excess property has been completed, marking the point at which that property is officially classified as surplus. This classification allows for the property to be made available for disposal or transfer, following federal guidelines.
This term is primarily used in the context of federal property management and disposal. It is relevant in legal areas concerning public contracts and property management, especially regarding the disposition of excess personal property. Users may encounter this term when dealing with forms related to property disposal or transfer, which can often be managed through templates provided by US Legal Forms.
Here are a couple of examples of abatement:
Example 1: A federal agency completes the screening of outdated office equipment on March 1. The surplus release date is established on this date, allowing the agency to proceed with the disposal of the equipment.
Example 2: A government contractor identifies surplus materials after fulfilling a contract. The surplus release date is the day the contractor finishes the federal screening process, enabling them to offer the materials for sale or donation (hypothetical example).
| Term | Definition | Differences |
|---|---|---|
| Excess Property | Property that is no longer needed by the federal agency. | Surplus property is a subset of excess property that has completed federal screening. |
| Disposal Date | The date when the property is officially disposed of. | The surplus release date occurs before the disposal date. |
If you are involved in managing federal property and need to determine the surplus release date, ensure that the federal screening process is completed. For assistance with related forms or procedures, consider using templates available through US Legal Forms. If your situation is complex, seeking professional legal advice may be beneficial.
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After the surplus release date, the property can be disposed of or transferred according to federal guidelines.