FAR and DFARS › FAR Part 45: Government Property › Subpart 45.6
FAR 45.604-3 Proceeds from sales of surplus property.
The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.
In plain English
This section says that money from selling surplus property generally must be sent to the U.S. Treasury as miscellaneous receipts. However, if a statute or the contract (or a subcontract) allows it, the proceeds can instead be credited to the price or cost of the work.
Applies to: Contractors selling surplus property under a government contract
What it requires
- Credit proceeds of any sale to the Treasury of the United States as miscellaneous receipts, unless otherwise authorized by statute or the contract or any subcontract thereunder authorizes the proceeds to be credited to the price or cost of the work
Key terms: surplus property · proceeds · miscellaneous receipts · Treasury of the United States
Written by AI from this section's text. A guide, not legal advice: the text below rules.
The text
Proceeds of any sale are to be credited to the Treasury of the United States as miscellaneous receipts, unless otherwise authorized by statute or the contract or any subcontract thereunder authorizes the proceeds to be credited to the price or cost of the work (40 U.S.C. 571 and 574).
← 45.604-2 Use of GSA sponsored sales centers. · 45.604-4 Sale of property pursuant to the exchange/sale authority. →
Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.