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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.
GCSurplus is a Canadian government department responsible for handling moveable Crown assets that a federal department or agency has declared as surplus under the Surplus Crown Assets Act (R.S., c. S-20, s. 1). [1] Surplus assets are typically auctioned off to the public through the GCSurplus website. [2]
The materials are being transported to Pinal Airpark in Marana, Arizona, where it’s being sold through GovPlanet, an online auction house specializing in military surplus, with bidding starting ...
In 2021 the government of North Macedonia announced plans to build a €327 million plasma gasification plant in Negotino to handle municipal waste from most of the country without causing air pollution. Funding for the project would come from Luxembourg, with a private company, Zoka Trade (Zoka trejd), securing the necessary funds. [11]
US Marshals auctioned off 32 cars and 25 powersport vehicles owned by "Omi in a Hellcat" creator Bill Omar Carrasquillo on October 13, netting $3.22 million for restitution.
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".
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