Podcast
Questions and Answers
True or false: There is only one mode of property disposal.
True or false: There is only one mode of property disposal.
False (B)
True or false: Property transfer requires the Property Officer's certification and signing of a transfer form.
True or false: Property transfer requires the Property Officer's certification and signing of a transfer form.
True (A)
True or false: Donating property to other government entities follows a different process than transferring property.
True or false: Donating property to other government entities follows a different process than transferring property.
False (B)
True or false: Property appraisal is necessary to determine the selling price for unserviceable property.
True or false: Property appraisal is necessary to determine the selling price for unserviceable property.
True or false: The Disposal Committee is composed of three members.
True or false: The Disposal Committee is composed of three members.
True or false: The appraisal report is created by the Disposal Committee and involves a visual check of the property and calculation of the appraised value.
True or false: The appraisal report is created by the Disposal Committee and involves a visual check of the property and calculation of the appraised value.
True or false: The owning agency is not involved in the appraisal report writing process.
True or false: The owning agency is not involved in the appraisal report writing process.
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Study Notes
- There are various modes of property disposal including property condemnation/destruction, property transfer, barter, donation, and sale of unserviceable property.
- Property transfer involves the certification of the Property Officer, preparation of transfer and invoice receipt, and signing of the property transfer form.
- The process for donating property is similar to transferring property to other government bodies.
- Property appraisal is done to determine the government's minimal selling price for the objects sold.
- The Disposal Committee is composed of a Chairman, Administrative Unit Head, and Property Unit Head.
- The appraisal report is written by members of the Disposal Committee, including the owning agency, and involves a visual check of the property, reference price information, and calculation of the appraised value using a formula.
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