How is "excess property" defined within Coast Guard Property Management?

Excess property within Coast Guard Property Management is defined as property that is no longer needed for the agency's mission or operations. This definition is crucial because it helps the Coast Guard identify items that can be removed from their inventory, which can lead to more efficient resource management and cost savings. When property is deemed excess, it indicates that the agency has evaluated its needs and determined that the items in question do not contribute to their current operational goals. This assessment is important as it facilitates the reallocation of resources and supports proper inventory control, ensuring that the Coast Guard maintains only the equipment and materials necessary for their mission.

The other definitions do not encapsulate the essence of excess property. Property that is currently being appraised pertains to the evaluation process, not to its status of being excess. Property that cannot be sold or transferred may fall under other categories of restrictions, but such limitations do not define excess property. Lastly, property that is awaiting disposal could include items that are excess, but not all excess property is necessarily awaiting disposal; some may be eligible for transfer to other agencies or entities.