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 12-6-8.101.03 - Auction

Section 12-6-8.101.03.1 - Public auctions have long been an acceptable, as well as preferred method of disposing of surplus property that is advantageous to the State
Section 12-6-8.101.03.2 - Selection Process
Section 12-6-8.101.03.3 - Auctions Held on Agency Property
Section 12-6-8.101.03.4 - If the auction company is responsible only for selling each item, the selling agency may negotiate with a company provided the fee does not exceed an amount equal to ten percent (10%) per item but not to exceed $50 per item
Section 12-6-8.101.03.5 - If the auction company fee is in excess of that set forth in 8.101.03.4, the auction company may only be selected through the competitive bid process
Section 12-6-8.101.03.6 - Dealer Auctions
Section 12-6-8.101.03.7 - Any time equipment owned by state agencies is sold at public auction, the Office of Purchasing, Travel and Fleet Management shall be notified in writing not less than 15 days prior to the auction

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