Disposition of Proceeds From DoD Sales of Surplus Personal Property
other · US Department of Defense · Rule · Published 2020-04-07 · Effective 2020-04-07 · 85 FR 19392
Document
Document number
2020-06773
Federal Register citation
85 FR 19392
CFR reference
32 CFR 172
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
2020-04-07
Effective date
2020-04-07
DOD docket
Docket ID: DOD-2018-OS-0044
Abstract
This final rule removes DoD's regulation that provides instructions to DoD Components on the collection and disposition of cash and cash equivalents received for the sale of DoD surplus personal property. Proceeds from the sale of surplus personal property shall be deposited by the collecting DoD Component promptly to a U.S. Treasury account. Process instructions are conveyed directly to potential buyers and bidders when invitation for bids are distributed or published. Therefore, this rule is unnecessary and can be removed from the CFR.