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DISPOSAL OF SURPLUS PROPERTY (BP)

 

 

POLICY: III-7-2

DATE OF ADOPTION: December 14, 2000

REVISION DATE(S):   

LEGAL REFERENCE:  

 

Seminole State College will follow the guidelines issued by the Department of Central Services for the disposal of surplus property.  In general, the College President or his/her designee may dispose of surplus property as follows:

 

A.  Sold at public auction.

B.  Used as a trade-in on other property acquisitions.

C.  Transferred internally to other SSC departments.

D.  Transferred to another state agency or to the public schools.

E.  Transferred to the Oklahoma State Agency for Surplus Property.

F.  Sealed bid by the SSC Business Office.

G.  Sealed bid by the Department of Central Services.

H.  Discard of property as necessary.  Discarded property must have no material value or use.  Normally this equipment is considered as broken and unfeasible to repair.