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§102-37.265. SASP liquidation plan.

41 C.F.R. § 102-37.265

Before suspending operations, a SASP must submit to GSA a liquidation plan that includes:
(a)
Reasons for the liquidation;
(b)
A schedule for liquidating the SASP and the estimated date of termination;
(c)
Method of disposing of property on hand under the requirements of this part;
(d)
Method of disposing of the SASP's physical and financial assets;
(e)
Retention of all available records of the SASP for a 2-year period following liquidation; and
(f)
Designation of another governmental entity to serve as the SASP's successor in function until continuing obligations on property donated prior to the closing of the SASP are fulfilled.
Notes, amendments, and revision history

Authority

Authority: 40 U.S.C. 549 and 121(c).

Source

Source: 90 FR 58444, Dec. 16, 2025, unless otherwise noted.