The disposal agency must—
(a)
Obtain such competition as is feasible in all negotiations of disposals and contracts for disposal of surplus property; and
(b)
Prepare and transmit an explanatory statement if the fair market value of the property exceeds $100,000, identifying the circumstances of each disposal by negotiation for any real property specified in 40 U.S.C. 545(e), to the appropriate committees of the Congress in advance of such disposal.