2015 Arkansas Code
Title 14 - Local Government
Subtitle 3 - Municipal Government
Chapter 58 - Fiscal Affairs Of Cities And Incorporated Towns
Subchapter 3 - Cities of the First Class Generally
§ 14-58-306 - Disposal of municipal supplies, etc.

(a) In a city of the first class, city of the second class, or incorporated town, the mayor or his or her authorized representative may sell or exchange any municipal supplies, materials, or equipment with a value of twenty thousand dollars ($20,000) or less, unless the municipal governing body shall, by ordinance, establish a lesser amount.

(b) No item or lot of supplies, material, or equipment that is to be disposed of as one (1) unit shall be sold without competitive bidding if the amount exceeds twenty thousand dollars ($20,000) or the maximum provided by ordinance, unless the mayor shall certify in writing to the governing body that, in his or her opinion, the fair market value of the item or lot is less than the amount established by ordinance as indicated.

(c) (1) If an item of personal property belonging to a municipality becomes obsolete or is no longer used by a municipality, it may be:

(A) Sold at public or Internet auction;

(B) Sent to the Marketing and Redistribution Section of the Office of State Procurement of the Department of Finance and Administration; or

(C) Transferred to another governmental entity within the state.

(2) If an item is not disposed of under subdivision (c)(1) of this section, the item may be disposed of in the landfill used by the municipality if the mayor or his or her authorized representative certifies in writing and the governing body of the municipality approves that it has:

(A) Been rendered worthless by damage or prolonged use; or

(B) (i) Only residual value; and

(ii) Been through public auction and not sold.

(d) (1) A record shall be maintained of all items disposed of and reported to the governing body.

(2) The municipal fixed asset listing shall be amended to reflect all disposal of property made under this section.