South Dakota § 5-24A-7 Property with fair market value less than one hundred dollars.

South Dakota Statutes

§ 5-24A-7 — Property with fair market value less than one hundred dollars.

South Dakota·Title 5 PUBLIC PROPERTY, PURCHASES AND CONTRACTS·Ch. 5-24 DISPOSAL OF STATE SURPLUS PROPERTY

If the property has an estimated fair market value less than one hundred dollars, the administrator may designate one of the following methods of disposal:

(1)Transfer to a state agency or authorized entity with or without charge;

(2)Internet sales;

(3)Public auction;

(4)Sale of the property as scrap;

(5)Exchange as trade-in for replacement equipment;

(6)Sales through agents for a negotiated fee;

(7)Direct sales to the public for established prices;

(8)Cannibalization; or (9) Disposal at a landfill, recycling center, or other waste facility.

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If the property has an estimated fair market value less than one hundred dollars, the administrator may designate one of the following methods of disposal: (1) Transfer to a state agency or authorized entity with or without charge; (2) Internet sales; (3) Public auction; (4) Sale of the property as scrap; (5) Exchange as trade-in for replacement equipment; (6) Sales through agents for a negotiated fee; (7) Direct sales to the public for established prices; (8) Cannibalization; or (9) Disposal at a landfill, recycling center, or other waste facility.

South Dakota § 5-24A-7 (Property with fair market value less than one hundred dollars.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.