School property, such as equipment, furnishings, equipment and/or supplies (hereafter equipment), will be disposed of when it is determined to be of no further use to the school district. It shall be the objective of the school district in disposing of the equipment to achieve the best available price or most economical disposal.
Obsolete equipment with a value under $2,000 shall be disposed of at the discretion of the administration. Obsolete equipment with a value greater than $2,000 shall be disposed of in a manner determined by the board. A public hearing shall be held regarding the disposal of the equipment with a value of $25,000 or more prior to the board’s final decision.
In the case of a sale, advertisements for bids shall be taken. If the bids received by the board are deemed inadequate, the board may decline to sell the property or re-advertise.
It shall be the responsibility of the Administration to make a recommendation to the board regarding the method for disposing of equipment of no further use to the school district.
Legal Reference: Iowa Code §§297.22-.25 (1991)
Cross Reference: 903 Selling and Leasing
805.01 Purchasing - Bidding
Approved: 6-08-92
Reviewed: 4-08-24
Revised: 8-11-97
