6250

MISCELLANEOUS RECEIPTS

Sale of Property, Equipment or Supplies

Obsolete property, equipment or supplies may be sold by bid or by auction, as authorized by the Board of Education, and the receipts thereof shall be deposited in the General Fund.

A legal notice of such sale shall be published at least two weeks prior to the date of such auction, and other appropriate methods of publicizing the sale shall be undertaken.

The sale shall be conducted at a designated place on school property. The sale of each item shall be to the highest bidder, and each item shall be paid for at the time of the sale.

The sale shall be conducted by an auctioneer arranged for by the Assistant Superintendent for Business. The services of the auctioneer shall be paid from the proceeds of the sale.

Fines, etc.

Monies received as a result of books damaged, lost or overdue, or money for damage to school property, shall be deposited in the General Fund

Adoption date: January 1, 1993

Reviewed on:    October 29, 2002