Disposal of Veterans' Administration Revolving Fund Property

The Director of the Supply Service of the Department of Medicine and Surgery of the Veterans' Administration (VA) requested a decision concerning VA authority to sell silver recovered from VA supplies, for which it currently has no need, to the highest bidder, regardless of a declared need by another government agency. Sales of excess or surplus property must be handled by the General Services Administration, and the need for personal property by any federal agency must be paramount to any other disposal of such property. However, the VA revolving fund should be reimbursed for transfers or sales of its property if reimbursement is requested.