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§102-42.40. Appraisals.

41 C.F.R. § 102-42.40

An appraisal is required in the following circumstances:
(a)
When an employee expresses interest in purchasing a gift or decoration. In this situation, the appraisal must be obtained prior to reporting the gift or decoration to GSA for screening (see § 102-42.20);
(b)
When GSA requires the employing agency to obtain an appraisal of a gift or decoration retained for official use but no longer needed, prior to accepting the agency's report of the item as excess personal property; or
(c)
When required by the agency's internal policy, pursuant to 5 U.S.C. 7342(g).
Notes, amendments, and revision history

Authority

Authority: 40 U.S.C. 121(c); 5 U.S.C. 7342.

Source

Source: 90 FR 58460, Dec. 16, 2025, unless otherwise noted.