9 CRR-NY 298.16NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE G. OFFICE OF GENERAL SERVICES
CHAPTER III. DIVISION OF CENTRAL OPERATIONS
SUBCHAPTER D. BUREAU OF FEDERAL PROPERTY ASSISTANCE
PART 298. FEDERAL SURPLUS PROPERTY
9 CRR-NY 298.16
9 CRR-NY 298.16
298.16 Records.
(a) All official records of the SASP will be retained for a minimum period of three years, provided that in cases involving property subject to restrictions for more than two years, related records will be retained for one year beyond the specified period of restriction.
(b) In cases where property is in compliance status at the end of the period of restriction, the related records shall be retained for at least one year after the respective compliance case is officially closed.
(c) Records involving property with perpetual restriction must be retained in perpetuity.
Summary of "Periods of Restriction and Records Retention Requirements" for donable property.
Property ItemPeriod of Restriction (POR)Records Retention after POR
1. Combat configured aircraftPerpetuityPerpetuity
2. FirearmsPerpetuityPerpetuity
3. Non-combat aircraft5 years3 years
4. Vessels (50 feet or more in length)5 years3 years
5. Motor vehicles and items with acquisition costs of $5,000 or more1 year plus additional State imposed restriction period (usually six months)3 years
6. Other property less than $5,0001 year3 years
7. Foreign gifts10 years3 years
9 CRR-NY 298.16
Current through March 31, 2021
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