CFR /  Title 41  /  Part 102-38  /  Sec. 102-38.55 What must we do when selling personal property?

When selling personal property, you must ensure that--

(a) All sales are made after publicly advertising for bids, except as provided for negotiated sales in Sec. Sec. 102-38.100 through 102-38.125; and

(b) Advertising for bids must permit full and free competition consistent with the value and nature of the property involved.