Download as PDF
45A.425 Surplus or excess property.
(1)
(2)
(3)
(4)
(5)
A local public agency may sell or otherwise dispose of any personal property
which is not needed or has become unsuitable for public use, or which would
be suitable, consistent with the public interest, for some other use.
A written determination as to need of suitability of any personal property of the
local public agency shall be made; and such determination shall fully describe
the personal property; its intended use at the time of acquisition; the reasons
why it is in the public interest to dispose of the item; and the method of
disposition to be used.
Surplus or excess personal property as described in this section may be
transferred, with or without compensation, to another governmental agency; or
it may be sold at public auction or by sealed bids in accordance with KRS
45A.365.
In the event that a local public agency receives no bids for surplus or excess
personal property, either at public auction or by sealed bid, such property may
be disposed of, consistent with the public interest, in any manner deemed
appropriate by the local public agency. In such instances, a written description
of the property, the method of disposal, and the amount of compensation, if
any, shall be made. Any compensation resulting from the disposal of surplus or
excess personal property shall be transferred to the general fund of the local
public agency.
A local board of education may dispose of its surplus technology in accordance
with KRS 160.335.
Effective:July 15, 2008
History: Amended 2008 Ky. Acts ch. 14, sec. 2, effective July 15, 2008. -Amended 1984 Ky. Acts ch. 199, sec. 1, effective July 13, 1984. -- Created 1978
Ky. Acts ch. 110, sec. 86, effective January 1, 1980.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.