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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.
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".
[7] Following Hurricanes Katrina and Rita, the U.S. government was left with large numbers of FEMA trailers. Surplus FEMA trailers were sold via online public auctions conducted by the General Services Administration. The distribution and resale of Katrina FEMA trailers has been heavily criticized given the possible health risks involved. [15]
"Texas was never told in advance about the auction of the usable wall panels," wrote Patrick on Wednesday in a lengthy X, formerly Twitter post, referring to GovPlanet, a surplus government ...
The 1944 Surplus Property Act provided for the disposal of surplus government property. To deal with these disposals, numerous short-lived agencies were formed, such as the Surplus War Property Administration in the Office of War Mobilization (February – October 1944); the Surplus Property Board in the Office of War Mobilization and Reconversion (October 1944 – September 1945); and the ...
Reading Florida TaxWatch’s just-published report, “Economic Benefits of a Robust Child Care System in Florida,” it’s clear that the greatest challenge focuses on low compensation.
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A government auction is simply an auction held on behalf of a government body generally at a general sale. Items for sale are often surplus needed to be liquidated. Auctions ordered by estate executors enter the assets of individuals who have perhaps died intestate (those who have died without leaving a will), or in debt.
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