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
Universal Citation: MS Code of Rules 12-6-8.101.03.1
Current through September 24, 2024
Auctions allow buyers to offer more than a single price for any particular item. This is not the case with the sealed bid procedure. Because of this, items sold at auction have historically brought more money than those sold by sealed bid.
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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