Mississippi Administrative Code
Title 12 - Finance and Administration
Part 6 - Office of Purchasing, Travel and Fleet Management
Chapter 8 - Disposal of Personal Property
Sec2 12-6-8.101 - Procedures for Selling, Transferring, or Trading Personal Property are promulgated in accordance with Section 29-9-9
Sec2 12-6-8.101.01 - Methods
Section 12-6-8.101.01.1 - Disposal of Personal Property
Items with an estimated value of not more than $1,000 may be salvaged, sold, traded, or transferred to other governmental entities.
Items with an estimated value of greater than $1,000 and not more than $5,000 can be traded, transferred or sold. When trading or selling items with a value of greater than $1,000 and not more than $5,000 a minimum of two written quotes must be obtained.
Items with an estimated value greater than $5,000 can be transferred, traded or sold. An item or group of items of personal property with a total estimated value of greater than $5000 may only be sold or traded after complying with the requirements set forth below for sealed bids as set forth in Subsection 8.101.01.2 or by auction as set forth in Subsection 8.101.03, Auction.
