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Procurement Code - Supply Management A. Disposal of Surplus and Unserviceable Property 1. Regulations for Sale, Lease, Transfer and Disposal. The District shall promulgate regulations governing: a. the sale, lease, or disposal of surplus and unserviceable supplies by public auction, competitive sealed bidding or other appropriate methods designated by such regulations;
2. Allocation of Proceeds from Sale or Disposal of Surplus. The sale of all District owned supplies, equipment or property not in actual public use shall be conducted and directed by Purchasing Services. Such sales shall be held at such places and in such manner as in the judgment of the Procurement Officer will be most advantageous to the District. Unless otherwise determined, sales shall be by either public auction or competitive sealed bid to the highest bidder. The Procurement Officer shall deposit the proceeds from such sales to an account of the general fund or capital fund. 3. Trade-in Sales. The District may trade-in property, the trade-in value of which may be applied to the purchase of new items. |