41 CFR 102-38.15: -38.15 Executive agency responsibilities.

An executive agency's responsibilities in selling personal property are to:

(a) Ensure the sale complies with the provisions of title 40 U.S.C., the regulations of this part, and any other applicable laws;

(b) Issue internal guidance to promote uniformity of sales procedures;

(c) Assure that officials designated to conduct and finalize sales are adequately trained;

(d) Be accountable for the care and handling of the personal property prior to its removal by the buyer;

(e) Adjust your property and financial records to reflect the final disposition;

(f) Ensure all sales are made after publicly advertising for bids, except as provided for negotiated sales; and

(g) Ensure advertising for bids permits full and free competition consistent with the value and nature of the property involved.