Federal Asset Sales Law and Legal Definition
According to 41 CFR 102-38.35 [Title 41 Public Contracts and Property Management; Subtitle C Federal Property Management Regulations System; Chapter 102 Federal Management Regulation System; Subchapter B Personal Property; Part 102-38 Sale of Personal Property; Subpart A General Provisions], Federal Asset Sales (eFAS) refers to the e-Government initiative to improve the way the Federal Government manages and sells its real and personal property assets. Under this initiative, only an agency designated as a Sales Center (SC) may sell Federal property, unless a waiver has been granted by the eFAS Planning Office. The eFAS initiative is governed and given direction by the eFAS Executive Steering Committee (ESC), with GSA as the managing partner agency.
Legal Definition list
Related Legal Terms
- Accompanying the Federal Government Outside the United States
- Active Voters [Federal Elections]
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Adjusted Total Assets
- Administrative Committee of the Federal Register
- Administrative Governor [Federal Reserve System]
- Admitted Assets
- Advisory Councils of Federal Reserve System
- Affinity Sales of Insurance
