Vehicles declared excess and turned over by the central garage or a department, are either advertised in a monthly or special bulletin for sale, on a sealed bid basis, or sent to the county auction. The useful life schedule involves the use of depreciation and salvage values listed for each category of equipment. Departments have the option of setting the price of their item to be offered for sale. Equipment Management will ask this price for ninety days. If, after this period, the item has not been sold, a new price is determined by either of the first two methods.
Payment is by cash or check.
Personal checks are accepted only after verification of current address and phone number. Departments wishing to purchase excess equipment are encouraged to do so via recharge prior to the monthly sale by making an appointment with Equipment Management. Not Sold Any item not sold after ninety days is either scrapped or the price is lowered. Should it be determined that no demand exists for this item or the selling price is lower than the scrap value, the item is considered unsalable and sold for its weight in scrap. Contract and Grant equipment which is in the care and custody of the University, but for which the University does not have title, cannot be loaned without the specific written approval of the titleholder.