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When government agencies need to get rid of stuff, they put it up for auction. That’s what makes government auction sites, like GovDeals.com, a great place to find truly unique finds at a steep ...
Between 2008 and 2011, Liquidity Services acquired four new marketplaces: Network International, GovDeals, TruckCenter.com, and the remarketing business of Jacobs Trading Company. [13] In 2012, it acquired GoIndustry DoveBid, a provider of surplus asset management, auction, and valuation services. [14] In 2015, the company lost two large contracts.
A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a government agency with similar authority. [1] [2] [3]
Surplus Property Act of 1944 (ch. 479, 58 Stat. 765, 50A U.S.C. § 1611 et seq., enacted October 3, 1944) is an act of the United States Congress that was enacted to provide for the disposal of surplus government property to "a State, political subdivision of a State, or tax-supported organization".
The Surplus Property Board (SPB) was briefly responsible for disposing of $90 billion of surplus war property held by the United States government in the final year of World War II. [1] Created by the Surplus Property Act of 1944 , [ 2 ] the Board functioned for less than nine months, before being replaced by a more streamlined agency.
The predecessor of the 1033 Program was created in 1990 under the administration of President George H. W. Bush.The program was named the "1208 Program", after section 1208 of the National Defense Authorization Act for Fiscal Years 1990 and 1991, [a] which outlined the program's use and authorized the transfer of military hardware from the DoD broadly to "federal and state agencies", but ...