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.
Structure South Dakota Codified Laws
Title 5 - Public Property, Purchases and Contracts
Chapter 24A - Disposal Of State Surplus Property
Section 5-24A-1 - Definition of terms.
Section 5-24A-2 - Disposition of surplus property by Bureau of Administration.
Section 5-24A-3 - Declaration of surplus property required for disposition.
Section 5-24A-4 - Protection of surplus property prior to disposal.
Section 5-24A-5 - Requirements for disposition.
Section 5-24A-6 - Property with fair market value greater than one hundred dollars.
Section 5-24A-7 - Property with fair market value less than one hundred dollars.
Section 5-24A-8 - Surplus personal computer equipment.
Section 5-24A-9 - Disposal by agency or bureau.
Section 5-24A-10 - Fixed assets.
Section 5-24A-11 - Trade-in requirements.
Section 5-24A-12 - Hazardous materials.
Section 5-24A-13 - Retention and disposition of sales proceeds.
Section 5-24A-14 - Conveyance in the name of the state.
Section 5-24A-15 - Donations prohibited--Exception.
Section 5-24A-16 - Promulgation of rules regarding disposal of surplus property.
Section 5-24A-17 - Liquidation of State Cement Plant Commission property.