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The Surplus Record has been available online since 1986, [4] when buyers would use 2400-baud modems to access it. Currently, it is the largest online directory in the world for surplus capital equipment. [5] The company started its own online auctions in 1999, [1] [6] a year before it was acquired.
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 Duesenberg was sold to Tom Monaghan, founder of Domino's Pizza and then owner of the Detroit Tigers. [2] The Kruse family is also noted for conducting the $41 million sale of the famous William F. Harrah automotive collection. The sale of this 1,000-car collection was spread over three auction sessions in 1985, 1986 and 1987.
Indiana State Police investigators said they found approximately 26 shipping containers filled with military surplus equipment they allege two former southern Indiana sheriffs were storing for ...
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.
Oil and gas rights extend vertically downward from the property line. Unless explicitly separated by a deed, oil and gas rights are owned by the surface landowner. Oil and gas rights offshore are owned by either the state or federal government and leased to oil companies for development. The tidelands controversy involve the limits of state ...
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Engineers contracted to the US Surplus Property Administration proposed using the lines for natural gas, and the Tennessee Gas and Transmission Company conducted a four-month trial. [52] Demand for natural gas was rising rapidly, and it was produced in large quantities in the Texas oilfields, but could not be got to market in the north-east and ...