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 12-6-8.101.03.4 - 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
Universal Citation: MS Code of Rules 12-6-8.101.03.4
Current through September 24, 2024
Example: The fee would be ten percent (10%) on any item selling for not more than $500. Items selling for more than $500 will generate a flat fee of $50 per item to the auction company.
Buyers fee may be allowed. Such contracts may be made without advertising; however, the Chief Procurement Officer or his/her designee must review contract prior to execution.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
