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Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.
The Surplus Property Board (SPB) was briefly responsible for disposing of $90 billion of surplus war property held by the United States government in the final year of World War II. [1] Created by the Surplus Property Act of 1944 , [ 2 ] the Board functioned for less than nine months, before being replaced by a more streamlined agency.
Surplus Property Act of 1944 (ch. 479, 58 Stat. 765, 50A U.S.C. § 1611 et seq., enacted October 3, 1944) is an act of the United States Congress that was enacted to provide for the disposal of surplus government property to "a State, political subdivision of a State, or tax-supported organization".
The board voted 6-0 — member Steve Makoski was absent — to declare Robberson as "surplus" property, a designation that clears the way for it to be sold, leased or transferred to a new owner.
Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal. But the ...
Liquidity Services’ online marketplaces include: Liquidation.com, [22] Secondipity.com, [4] GovLiquidation.com, [23] Allsurplus.com, GovDeals.com, [2] Bid4Assets, and Sierraauction.com. [3] They offer over 500 product categories [24] organized into categories across 12 major industry verticals: government, energy, construction and mining, transportation, industrial manufacturing ...
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