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B-163084,B-186675 1 (1976-07-15)

handle is hein.gao/gaobadiyb0001 and id is 1 raw text is: DECISION d, THE COMPTRLL.LER GENERAL OF THE UNITED STATES WASHINGTON, 0. C, 20548 U /4L B-163084 & L-186675 DATE: JUL 1 5 1976 # q ? MATTER OF DIGEST: E7chan& or Sale of Similar Items Under Zudazl Property Act General Services Admiistration acted reasonably under sectiou 201(c) of Federal Froverty and Administrative Services Acct of 1949, as amended, and its irnplezi2nting FeUlaral £: ro ;ety R j~L~e~ulaticns, in diiaarproving prop&~~~I ~m e 0 ce~rtait quantitics of ailvcr for an eq;;va.1ezt CollIar zzvuac of$ eold. Sincci it a1ppear3 that ;oii to 1-e acquized vould rtt sarv& th.e sa specific )nurpase as t.na replacid iltver, as raquired by regulations, propozzJ Zx;an~ is not of siziJlar iters as requiraid by section 2C.01(c) . 41 Comp. Gen. 227 (1961) dJ.atiaguis~I-ed. Thi &ecisn con4erns sction 201 () of F.e. eral Property cud Admainistrative Services Act of 1349, es anlren2i, anid in-P~lenenting regulations by tluz General Services Adxlrinistration (1'A), inird, w'&1ic.i aur.orizi evyeutive a~znciu3 to exchaaae or sili iL1r itals of pe&roual proerty. j uzioa ia aiher prjpoaEd exchange of certain quantit.ls of silvar for equivalent dlc'L-r &Lounats of &old is proper under the above authorlties. By letter dated Ju~u 7, 1976, the Acting Deputy Director of the )f a& 4ply A.eacy (USA) advlsci us that DA aad proposed to co-orcially exchange on a cow-petitive. basis one million troy ounces of refined silver, rz overad from excess au; surplus en.1 items and other sources under th7e Defense Department's Precious Netals Recovery Program, for an equivalent dollar v=ount of refinad goldv to sup- plenent Defenzas Department -enerzted gold and to satisfy existing and projected gold requirements of the Defense Department and other Federal a*encies. DSA desired to effect the proposed exchanSe under the authority of section 201(c) of the Federal Property and Administrative Services Act of 1949, as at:erile j 40 U.S.C. § 4C1(c)(Supp. IV, 1^:74), and as implemented by the Administrator of General Services in Federal Property lfanagez±ut Regulations (FP4E), 41 C.Y.R., Su.'part 101-46.2 (1975). PUBLISHED DECSIOXl 55 Comp. Ge. ..... - FILE:

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