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 12-6-8.101.03.3 - Auctions Held on Agency Property
Universal Citation: MS Code of Rules 12-6-8.101.03.3
Current through September 24, 2024
When conducting an auction at the agency location, a decision must be made as to the extent of the involvement by the auction company. The two options available are:
(1) Will the auction company only be required to sell each item with no involvement in any other aspect; i.e., advertisement, item numbering, paper work, collection, etc; or
(2) Will the auction company provide a "lock and key" job? In which case the auction company will be responsible for all aspects of the auction up to the depositing of receipts.
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