C.F.R. » Title 41 » CHAPTER 102—FEDERAL MANAGEMENT REGULATION › SUBCHAPTER B—PERSONAL PROPERTY › PART 102-37—DONATION OF SURPLUS PERSONAL PROPERTY › Subpart D—SASP

41 C.F.R. § 102-37.265

SASP liquidation plan

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Before suspending operations, a SASP must submit to GSA a liquidation plan that includes:

(a) Reasons for the liquidation;

(b) A schedule for liquidating the SASP and the estimated date of termination;

(c) Method of disposing of property on hand under the requirements of this part;

(d) Method of disposing of the SASP's physical and financial assets;

(e) Retention of all available records of the SASP for a 2-year period following liquidation; and

(f) Designation of another governmental entity to serve as the SASP's successor in function until continuing obligations on property donated prior to the closing of the SASP are fulfilled.