49-6-2007 - Sale or transfer of surplus property. - Tennessee Statutes

49-6-2007. Sale or transfer of surplus property.

(a)  It is the expressed legislative intent that surplus property in local school systems acquired by taxpayers' dollars, instead of being destroyed, should be sold or transferred to a local government, as provided in § 49-6-2006.

(b)  All local school systems that receive any state funds shall sell all surplus property within ninety (90) days of its being declared surplus, to the highest bidder after advertising in a newspaper of general circulation at least seven (7) days prior to the sale. The property may be sold by Internet auction, which may be through a web site maintained by the LEA or the local government. Advertisements for the sale shall be in accordance with § 49-6-2006(c)(2).

(c)  As used in this section, “surplus property” is that personal property no longer having an intended use by the system or no longer capable of being used because of its condition.

(d)  (1)  Surplus personal property in local school systems that has no value or has a value less than two hundred fifty dollars ($250) may be disposed of without the necessity of bids as required by this section.

     (2)  In order for disposal without bids, the principal of the school with the surplus personal property, the director of schools of the local school system and the chair of the local board of education must all agree in written form that the property is of no value or is of a value less than two hundred fifty dollars ($250).

(e)  This section shall not apply to property leased or sold pursuant to § 49-2-203(b)(10).

[Acts 1973, ch. 215, §§ 1, 2; 1975, ch. 237, § 1; T.C.A., § 49-817; Acts 1986, ch. 521, §§ 3-5; 2000, ch. 703, § 2; 2004, ch. 504, § 3; 2006, ch. 751, § 3.]