[Federal Register: September 4, 2002 (Volume 67, Number 171)]
[Rules and Regulations]               
[Page 56495-56496]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04se02-12]                         

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GENERAL SERVICES ADMINISTRATION

41 CFR Part 102-42

[FMR Amendment B-1]
RIN 3090-AH53

 
Change in Consumer Price Index Minimal Value

AGENCY: Office of Governmentwide Policy, GSA.

ACTION: Final rule.

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SUMMARY: Public Law 95-105 (5 U.S.C. 7342) requires that at 3-year 
intervals following January 1, 1981, minimal value be redefined by the 
Administrator of General Services, after consultation with the 
Secretary of State, to reflect changes in the Consumer Price Index for 
the immediately preceding 3-year period. The required consultation has 
been completed and the minimal value has been increased to mean $285 or 
less as of January 1, 2002. This final rule also changes the meaning of 
sale price of foreign gifts and decorations to an employee by removing 
the requirement of including the cost of the appraisal in the sale 
price. The sale price is derived from only the commercially appraised 
value.

DATES: Effective Date: This final rule is effective January 1, 2002.

FOR FURTHER INFORMATION CONTACT: Mr. Robert Holcombe, Director, 
Personal Property Management Policy Division, General Services 
Administration, 202-501-3846. For information pertaining to status or 
publication schedules, contact the Regulatory Secretariat, Room 4035, 
GS Building, Washington, DC, 20405, (202) 208-7312. Please cite FMR 
Amendment B-1.

SUPPLEMENTARY INFORMATION:

A. Executive Order 12866

    The General Services Administration (GSA) has determined that this 
final rule is not a significant regulatory action

[[Page 56496]]

for the purposes of Executive Order 12866 of September 30, 1993.

B. Regulatory Flexibility Act

    This final rule is not required to be published in the Federal 
Register for notice and comment; therefore, the Regulatory Flexibility 
Act does not apply.

C. Paperwork Reduction Act

    The Paperwork Reduction Act does not apply because this final rule 
does not impose recordkeeping or information collection requirements, 
or the collection of information from offerors, contractors, or members 
of the public which require the approval of the Office of Management 
and Budget (OMB) under 44 U.S.C. 3501, et seq.

D. Small Business Regulatory Enforcement Fairness Act

    This final rule is also exempt from Congressional review prescribed 
under 5 U.S.C. 801 since it relates solely to agency management and 
personnel.

List of Subjects in 41 CFR Part 102-42

    Excess government property, Government property management.

    For the reasons set forth in the preamble, 41 CFR part 102-42 is 
amended as follows:

PART 102-42--UTILIZATION, DONATION, AND DISPOSAL OF FOREIGN GIFTS 
AND DECORATIONS

    1. The authority citation for part 102-42 continues to read as 
follows:

    Authority: Sec. 205(c), 63 Stat. 390 (40 U.S.C. 486(c)); sec. 
515, 91 Stat. 862 (5 U.S.C. 7342).


Sec. 102-42.10  [Amended]

    2. Section 102-42.10 is amended in the introductory text of the 
definition Minimal value by removing ``$260'' and adding ``$285'' in 
its place.

    3. Section 102-42.140 is revised to read as follows:


Sec. 102-42.140  How is a sale of a foreign gift or decoration to an 
employee conducted?

    Foreign gifts and decorations must be offered first through 
negotiated sales to the employee who has indicated an interest in 
purchasing the item. The sale price must be the commercially appraised 
value of the gift. Sales must be conducted and documented in accordance 
with part 101-45 of this title.

    Dated: August 23, 2002.
Stephen A. Perry,
Administrator of General Services.
[FR Doc. 02-22444 Filed 9-3-02; 8:45 am]
BILLING CODE 6820-23-P