NY Pub Auth L § 2896 (2021)
2021 New York Laws PBA - Public Authorities Article 9 - General Provisions Title 5-A - Disposition of Property by Public Authorities 2896 - Duties of Public Authorities With Respect to the Disposal of Property.

§  2896.  Duties of public authorities with respect to the disposal of   property. 1. Every authority, as defined in section two of this chapter,   shall adopt by  resolution  comprehensive  guidelines  which  shall  (a)   detail   the   public  authority's  operative  policy  and  instructions   regarding the use, awarding, monitoring and reporting of  contracts  for   the  disposal  of  property, and (b) designate a contracting officer who   shall be responsible for the public  authority's  compliance  with,  and   enforcement  of,  such  guidelines.  Such guidelines shall be consistent   with, and shall require the public authority's contracting activities to   comply with this section, the authorities enabling legislation  and  any   other  applicable  law  for  the  disposal of property, except that such   guidelines may be stricter than the  provisions  of  this  section,  the   authorities  enabling  legislation  and any other applicable law for the   disposal of property if the public authority determines that  additional   safeguards  are  necessary  to  assure  the integrity of its disposition   activities.  Guidelines  approved  by  the  public  authority  shall  be   annually  reviewed  and  approved  by  the  governing body of the public   authority. On or before the thirty-first day of March in each year,  the   public  authority  shall  file  with  the  comptroller  a  copy  of  the   guidelines most recently reviewed and approved by the public  authority,   including  the  name  of  the  public authority's designated contracting   officer. At the time of filing such  guidelines  with  the  comptroller,   every  public  authority  shall  also post such guidelines on the public   authority's  internet  website.  Guidelines   posted   on   the   public   authority's  internet  website  shall  be  maintained on such website at   least until the procurement guidelines for the following year are posted   on such website.2. Each public authority shall:a. maintain adequate inventory controls and accountability systems for   all property under its control;b. periodically inventory such property to  determine  which  property   shall be disposed of;c.  produce  a  written  report  of  such  property in accordance with   subdivision three of this section;d. transfer or dispose of such property as  promptly  as  possible  in   accordance with section twenty-eight hundred ninety-seven of this title.3.  a.  Each  public authority shall publish, not less frequently than   annually, a report listing all real property of  the  public  authority.   Such  report  shall  include a list and full description of all real and   personal property disposed of  during  such  period.  The  report  shall   contain  the  price received by the public authority and the name of the   purchaser for all such property sold by the public authority during such   period.b. The public authority shall deliver copies of  such  report  to  the   comptroller,  the  director  of  the budget, the commissioner of general   services, the legislature and the authorities budget office.