AG 1994 12 19 - Laserfiche WebLink

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i MEIVlORANDUM To: From: Date: Subject: Board of Commissioners Blair Bennett December 12, 1994 Disposal of Personal Property General Statute 160A-266 (c) allows the County to dispose of personal property valued at less than five hundred dollars ($500) for any one item or group of items. The regulations shall be designed to secure for the County fair market value for all property disposed of and to accomplish the disposal efficiently and economically. The Board of Commissioners may authorize one or more county officials to declare surplus any personal property valued at less than five hundred dollars ($500) for any one item or group of items, to set its fair market value, and to convey title to the property for the County in accord with the regulations. A county official authorized under this section to dispose of property shall, on the first day of February, report in writing to the board of commissioners on any property disposed of under such authorization from July 1 through December 31 of the previous year, and shall on the first day of August report in writing to the council on any property disposed of under such authorization from January I through June 30 of that year. The written report shall generally describe the property sold or exchanged, to whom it was sold, or ~vith whom exchanged, and the amount of money or other consideration received for each sale or exchange since the last such report was submitted. I am requesting that the Board of Commissioners adopt the attached regulations allowing the disposal of county property valued less than $500 pursuant to North Carolina la,vs.