VA Acquisition Regulations: Loan Guaranty and Vocational Rehabilitation and Counseling Programs

This document adopts as a final rule without substantive change the provisions of a proposed rule to amend the Department of Veterans Affairs (VA) acquisition regulations (VAAR). This final rule increases to $500 the blanket advance authority of management brokers to incur routine charges in connection with the management of properties acquired by VA under VA's housing and small business loan programs (38 U.S.C. Chapter 37). It also increases to $500 the property holders' emergency repair threshold. In addition, Regional Office Directors, Loan Guaranty Officers, and Assistant Loan Guaranty Officers are authorized to approve repair programs where the estimated cost (i.e., the aggregate amount of the proposed contracts to purchase supplies and services as contemplated in a property analysis by the Loan Guaranty activity) does not exceed $25,000. Further, nonsubstantive changes are made for purposes of clarity and to reflect organizational changes. These changes are intended to promote the efficient management of VA's acquired property inventory.