[Federal Register Volume 88, Number 48 (Monday, March 13, 2023)]
[Notices]
[Pages 15398-15399]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05093]


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GENERAL SERVICES ADMINISTRATION

[Notice-MA-2023-01; Docket No. 2023-0002; Sequence No. 1]


Revision to Foreign Gift Minimal Value

AGENCY: Office of Government-wide Policy (OGP), General Services 
Administration (GSA).

ACTION: Notice of GSA Bulletin FMR B-52, Foreign Gift and Decoration 
Minimal Value.

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SUMMARY: GSA, in consultation with the U.S. Department of State, must 
redefine the minimal value of foreign gift items to reflect changes in 
the Consumer Price

[[Page 15399]]

Index (CPI) for the preceding 3-year period, as specified under the law 
concerning the Receipt and Disposition of Foreign Gifts and 
Decorations. The minimal value was last defined effective January 1, 
2020, and must be redefined effective as of January 1, 2023. This 
bulletin cancels FMR Bulletin B-50, ``Foreign Gift and Decoration 
Minimal Value,'' issued March 10, 2020, as this bulletin provides 
updated information on the same topic.

DATES: Applicability Date: January 1, 2023.
    This notice applies to foreign gifts and decorations received on or 
after January 1, 2023.

FOR FURTHER INFORMATION CONTACT: For clarification of content, contact 
Mr. William Garrett, Director, Personal Property Policy, Office of 
Government-wide Policy, Office of Asset and Transportation Management, 
at 202-368-8163, or by email at [email protected]. Please cite 
Notice of GSA Bulletin FMR B-52.

SUPPLEMENTARY INFORMATION:

Background

    Foreign gifts and decorations above the GSA-defined minimal value 
are handled differently than lesser-valued foreign gifts and 
decorations under the provisions of 5 U.S.C. 7342 and FMR 102-42.
    Foreign gifts and decorations above the minimal value become the 
property of the Federal Government and must be reported to GSA for 
disposal if not immediately needed by the agency for official purposes. 
Additionally, those items initially retained by the agencies for 
official use are reported to GSA upon termination of official use.
    The foreign gifts and decorations minimal value was last redefined 
effective January 1, 2020, at $415, and therefore, must be redefined as 
of January 1, 2023, to reflect the CPI increase of 15.33 percent for 
the preceding three years.
    Pursuant to FMR 102-42.10, the approved revised minimal value will 
be published in an FMR Bulletin posted on OGP's website (www.gsa.gov/foreigngifts).
    Calculations using the consumer prices over the past three years 
show that the minimal value must increase 15.33 percent from its 
current $415, which yields an amount of $478.62. As in previous years, 
GSA is rounding the amount to the nearest five dollar increments.
    Therefore, GSA is adjusting the new minimal value to $480.00. Per 
FMR 102-42.10, an agency may, by regulation, specify a lower value than 
this Government-wide value for its agency employees.
    FMR Bulletin 52 is available at https://www.gsa.gov/policy-regulations/regulations/federal-management-regulation/federal-management-regulation-fmr-related-files#PersonalPropertyManagement.

Krystal J. Brumfield,
Associate Administrator, Office of Government-wide Policy.
[FR Doc. 2023-05093 Filed 3-10-23; 8:45 am]
BILLING CODE 6820-14-P