41 CFR § 102-37.265 - SASP liquidation plan.

---
identifier: "/us/cfr/t41/s102-37.265"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "41 CFR § 102-37.265 - SASP liquidation plan."
title_number: 41
title_name: "Public Contracts and Property Management"
section_number: "102-37.265"
section_name: "SASP liquidation plan."
chapter_number: 102
chapter_name: "FEDERAL MANAGEMENT REGULATION"
subchapter_number: "B"
subchapter_name: "PERSONAL PROPERTY"
part_number: "102-37"
part_name: "37—DONATION OF SURPLUS PERSONAL PROPERTY"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "40 U.S.C. 549 and 121(c)."
regulatory_source: "90 FR 58444, Dec. 16, 2025, unless otherwise noted."
cfr_part: "102-37"
---


# 102-37.265 SASP liquidation plan.

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.