How does a covered territory business or small business concern located in Puerto Rico obtain Federal surplus personal property?

CFR · 2024-01-01 · US · Title 13

(a) (b) (1) Be a covered territory business or be located in Puerto Rico; (2) Qualify as small under the size standard corresponding to its primary NAICS code and certify its size in SAM.gov, or a successor system, prior to seeking access to surplus property. SASPs and GSA may rely on concern's certification as small for purposes of this program; (3) Not be debarred, suspended, or declared ineligible under Title 2 or Title 48 of the Code of Federal Regulations; and (4) Be engaged or expect to be engaged in business activities making the item useful to it. (c) (i) As to what the intended use of the surplus personal property is to be; (ii) That it will use the property to be acquired in the normal conduct of its business activities or be liable for the fair rental value from the date of its receipt; (iii) That it will not sell or transfer the property to be acquired to any party other than the Federal Government as required by GSA and SASP requirements and guidelines; (iv) That, at its own expense, it will return the property to the SASP if directed to do so by SBA, including where the concern has not used the property as intended within one year of receipt; (v) That, should it breach its agreement not to sell or transfer the property, it will be liable to the Federal Government for the established fair market value or the sale price, whichever is greater, of the property sold or transferred; and (vi) That it will give GSA and SASPs access to inspect the property and all record

official document · source cfr-2024 · id 13:§ 129.301