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 12-6-8.101.03.6 - Dealer Auctions

Vehicles - see State Fleet Manual.

Other equipment - If the dealer 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. Buyers fee may be allowed for this type of disposal (vehicle).

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 dealer auction company.