Policy 3390 – Sale/Lease of Personal Property

Whenever the District has personal property (i.e., desks, file cabinets, materials, equipment)
worth over $1,000 which the District no longer needs, a majority of the Board may vote to sell or
lease such surplus property. Surplus personal property may be sold or leased to a city, state
agency, municipal corporation, or other governmental subdivision of the state which is located
within the boundaries of the District for public purposes at a mutually agreed price and upon
notice to the public. In the alternative, the District may sell or lease such surplus personal
property to the highest bidder. Public notice of the sale or auction of surplus personal property
will be published once a week for two consecutive weeks in a general circulation newspaper
published within the county in which the District is located or listed online and/or through
another electronic media. The sale itself will occur as scheduled by the Board at least seven (7)
days after the final published notice. The proceeds from the sale or lease of surplus personal
property worth over $1,000 will be placed in the capital projects fund. Proceeds from sales less
than $1,000 will be placed in the appropriate activity/funding account at the discretion of the
administration.