[Federal Register Volume 76, Number 102 (Thursday, May 26, 2011)]
[Rules and Regulations]
[Pages 30550-30551]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-13028]


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GENERAL SERVICES ADMINISTRATION

41 CFR Part 102-42

[FMR Change 2011-01; FMR Case 2011-102-1; Docket 2011-0008; Sequence 1]
RIN 3090-AJ12


Federal Management Regulation; Change in Consumer Price Index 
Minimal Value

AGENCY: Office of Governmentwide Policy, GSA.

ACTION: Final rule.

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SUMMARY: Pursuant to 5 U.S.C. 7342, at three-year intervals following 
January 1, 1981, the minimal value for foreign gifts must be redefined 
by the Administrator of General Services, after consultation with the 
Secretary of State, to reflect changes in the Consumer Price Index for 
the immediately preceding 3-year period. The required consultation has 
been completed and the minimal value has been increased to $350 or less 
as of January 1, 2011.

DATES: Effective Date: This final rule is effective May 26, 2011.
    Applicability Date: This final rule applies to all foreign gifts 
received on or after January 1, 2011.

FOR FURTHER INFORMATION CONTACT: Mr. Robert Holcombe, Director, Asset 
Management Policy Division (202-501-3828).

SUPPLEMENTARY INFORMATION:

A. Executive Orders 12866 and 13563

    Executive Orders 12866 and 13563 direct agencies to assess all 
costs and benefits of available regulatory alternatives and, if 
regulation is necessary, to select regulatory approaches that maximize 
net benefits (including potential economic, environmental, public 
health and safety effects, distributive impacts, and equity). Executive 
Order 13563

[[Page 30551]]

emphasizes the importance of quantifying both costs and benefits, of 
reducing costs, of harmonizing rules, and of promoting flexibility. 
This is not a significant regulatory action and, therefore, was not 
subject to review under Section 6(b) of Executive Order 12866, 
Regulatory Planning and Review, dated September 30, 1993. This rule is 
not a major rule under 5 U.S.C. 804.

B. Regulatory Flexibility Act

    This final rule will not have a significant economic impact on a 
substantial number of small entities within the meaning of the 
Regulatory Flexibility Act, 5 U.S.C. 601, et seq., because the 
revisions are not considered substantive. This final rule is also 
exempt from the Regulatory Flexibility Act per 5 U.S.C. 553(a)(2) 
because it applies to agency management and public property. However, 
this final rule is being published to provide transparency in the 
promulgation of Federal policies.

C. Paperwork Reduction Act

    The Paperwork Reduction Act does not apply because this final rule 
does not impose recordkeeping or information collection requirements, 
or the collection of information from offerors, contractors, or members 
of the public which require the approval of OMB under 44 U.S.C. 3501-
3520.

D. Small Business Reform Act

    This final rule is also exempt from congressional review prescribed 
under 5 U.S.C. 801 since it relates solely to agency management and 
personnel.

List of Subjects in 41 CFR Part 102-42

    Government property management.

    Dated: March 14, 2011.
Martha Johnson,
Administrator.
    For the reasons set forth in the preamble, 41 CFR part 102-42 is 
amended as follows:

PART 102-42--UTILIZATION, DONATION, AND DISPOSAL OF FOREIGN GIFTS 
AND DECORATIONS

0
1. The authority citation for part 102-42 continues to read as follows:

    Authority:  40 U.S.C. 121(c) and 5 U.S.C. 7342.


Sec.  102-42.10  [Amended]

0
2. Amend Sec.  102-42.10, in the definition of ``Minimal value,'' in 
the first sentence, by replacing ``$335'' with ``$350''.

[FR Doc. 2011-13028 Filed 5-25-11; 8:45 am]
BILLING CODE 6820-14-P