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Disposition of Obsolete Equipment

Code No.  803.1

School property, such as equipment, furnishings, or supplies (hereinafter equipment), will be disposed of when it is determined to be of no further use to the school district.  It is the objective of the school district in disposing of the equipment to achieve the best available price or most economical disposal.

Obsolete equipment having a value of less than $5,000 will be recycled, sold at public auction or disposed of in an appropriate manner.  However, the sale of equipment, furnishings or supplies will be published in a newspaper of general circulation. 

A public hearing will be held regarding the disposal of the equipment with a value of $5,000 or more prior to the board's final decision.  The board will adopt a resolution announcing the proposed sale and will publish notice of the time and place of the public hearing and the description of the property will be in the resolution.  Notice of the public hearing will be published at least once, but not less than 10 days and not more than 20 days, prior to the hearing date.  Upon completion of the public hearing, the board may dispose of the equipment.

It is the responsibility of the superintendent to make a recommendation to the board regarding the method for disposing of equipment of no further use to the school district.

NOTE:  The language in the second and third paragraphs reflect Iowa law regarding the sale of personal property.  Boards should add their procedures for disposition of personal property valued at less than $5,000 in the second paragraph.
 

Legal Reference:          Iowa Code §§ 297.22-.25 (2013).

 

Cross Reference:          704      Revenue

                                    705.1   Purchasing - Bidding

                                    803      Selling and Leasin

 

Initially Approved 03-08-1999                              Last Reviewed 03-10-2014                                      Last Revision 01-17-2005

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