Code of Federal Regulations (alpha)

CFR /  Title 41  /  Part 102-75  /  Sec. 102-75.1275 Does a requesting agency have to pay for excess real

Yes. GSA is required by law to obtain full fair market value (as determined by the Administrator) for all real property (see Sec. 102-75.190), except when a transfer without reimbursement has been authorized (see Sec. 102-75.205). GSA, upon receipt of a valid expression of interest, will promptly provide each interested landholding agency with an estimate of fair market value for the property. GSA may transfer property without reimbursement, if directed to do so by law or special legislation and for the following purposes:

(a) Migratory Bird Management under Pub. L. 80-537, as amended by Pub. L. 92-432.

(b) Wildlife Conservation under Pub. L. 80-537.

(c) Federal Correctional facilities.

(d) Joint Surveillance System.