2011 South Dakota Code
Title 5 PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Chapter 24A. Disposal of State Surplus Property
§5-24A-6 Property with fair market value greater than one hundred dollars.
5-24A-6. Property with fair market value greater than one hundred dollars. If the property has an estimated fair market value greater than one hundred dollars, the administrator may designate one of the following methods of disposal:
(1) Transfer to another state agency or Indian tribe with or without charge;
(2) Public auction;
(3) Exchange as trade-in for replacement equipment;
(4) Private direct sales at no less than ninety percent of the fair market value;
(5) Direct sales to any authorized entity at no less than ninety percent of the fair market value; or
(6) Cannibalization.
If the expense of disposal under this section would reduce the net disposal value of the property to less than one hundred dollars, the property may be disposed of pursuant to the provisions of § 5-24A-7.
Source: SL 2008, ch 32, § 6.
Disclaimer: These codes may not be the most recent version. South Dakota 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.
