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NAVY - SECNAV 5200.43

(ASN(RD&A)) GOVERNMENT FURNISHED PROPERTY, ACCOUNTABILITY AND MANAGEMENT

active, Most Current
Organization: NAVY
Publication Date: 13 July 2018
Status: active
Page Count: 21
scope:

Purpose. Under the authority of references (a) and (b) (see enclosure (1)), this instruction :

a. Establishes the overarching Department of the Navy (DON) policy for accountability and management of Government Fur nished Property (GFP);

b. Assigns roles and responsibilities within the DON for all DON GFP (see enclosure (2));

c. Aligns DON policies for GFP with Federal statutes, regulations and accounting standards, and Department of Defense (DoD) and DON policies for accountability and management of government property furnished to contractors;

d. Provides a framework for financial and physical accountability and management to support financial reporting, auditability requirements, and warfighter readiness;

e . Establishes a standard taxonomy for GFP.

Applicability

a. This instruction applies to the Office of the Secretary of the Navy (SECNAV), the Chief of Naval Operations (CNO), the Commandant of the Marine Corps (CMC), and all U.S. Navy and U.S. Marine Corps entities within the DON.

b. This instruction applies to all GFP procured with General Fund (GF) or Working Capital Fund (WCF) to which the government holds title. GFP is defined as property in the possession of, or directly acquired by the government and subsequently furnished to the contractor for performance of a contract. GFP includes, but is not limited to, spares and property furnished for production, repair, maintenance, overhaul, modification, or contractor operation of government-owned equipment and vessels, Special Tooling (ST), and Special Test Equipment (STE). GFP also includes Contractor-Acquired Property (CAP) if the CAP is a deliverable under a cost contract when accepted by the government for continued use under the contract.

c. This instruction applies to all GFP provided on a classified contract and any classified property provided as GFP on unclassified contracts unless the requirements of this instruction conflict with requirements for maintaining national security, per reference (c). When the requirements of this instruction conflict with the requirements of reference (c)r the security requirements of reference {c) shall take precedence.

d. This instruction does not apply to real property (structures or land), intellectua'l property, or software. Per reference (d), property purchased with Non-Appropriated Funds is not considered Federal property and therefore is not subject to this instruction.

Document History

SECNAV 5200.43
July 13, 2018
(ASN(RD&A)) GOVERNMENT FURNISHED PROPERTY, ACCOUNTABILITY AND MANAGEMENT
Purpose. Under the authority of references (a) and (b) (see enclosure (1)), this instruction : a. Establishes the overarching Department of the Navy (DON) policy for accountability and management of...

References

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