41 CFR 302-12.113 - Under a homesale program, may we direct the relocation services company to pay an employee more than the fair market value of his/her residence?

Code of Federal Regulations - Title 41: Public Contracts and Property Management

Updated to: December 30, 2005

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TITLE 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENT

SUBTITLE F - FEDERAL TRAVEL REGULATION SYSTEM

CHAPTER 302 - RELOCATION ALLOWANCES

SUBCHAPTER E - RESIDENCE TRANSACTION ALLOWANCES

PART 302 - 12 - USE OF A RELOCATION SERVICES COMPANY

subpart b - AGENCY'S USE OF A RELOCATION SERVICES COMPANY

302 - 12.113 - Under a homesale program, may we direct the relocation services company to pay an employee more than the fair market value of his/her residence?

No, under a homesale program, you may not direct the relocation services company to pay an employee more than the fair market value (as determined by the residence appraisal process) of his/her home.