Surplus Release Date Law and Legal Definition

According to 41 CFR 102-36.40 [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 102-36 Disposition of Excess Personal Property; Subpart A General Provisions], surplus release date means the date when Federal screening has been completed and the excess property becomes surplus.