302-11.421—What must we consider when authorizing an extension of time limitation?

When authorizing an extension of time limitation, you must determine that the:

(a) Employee has extenuating circumstances which have prevented him/her from completing his/her sale and purchase or lease termination transactions in the initial authorized time frame of two years; and

(b) Employee's residence transactions are reasonably related to his/her transfer of official station.

Code of Federal Regulations

Effective Date Note: By FTR Amdt. 2011-01, 76 FR 18343, Apr. 1, 2011, § 302-11.421 was amended in paragraph (a) by removing “two years” and adding “one year” in its place, effective Aug. 1, 2011.

CFR

302-11.421—What must we consider when authorizing an extension of time limitation?

Code of Federal Regulations