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 12-6-8.101.03.7 - 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
Current through September 24, 2024
This notification shall include:
(1) A detailed list of the items being sold,
(2) The time, date, and place where the auction will be held,
(3) A copy of the auctioneer's contract,
(4) Copies of specifications and bids for auctioneer's services (if applicable),
(5) A list of potential buyers who are being sent a notification of the auction; and
(6)A copy of, or a draft of, a legal advertisement to notify potential bidders of the day, time, and place of auction. The advertisement should run in a newspaper of general circulation in the county in which the auction will be held and should appear in the paper not less than twice. The second appearance of the advertisement shall be not less than seven (7) working days prior to the auction. If a copy of an advertisement is submitted, it should include the days in which it appeared in the newspaper. If a draft of an advertisement is submitted, the agency should indicate the days it will appear in the newspaper.
Included with this information should be a request for authority to proceed with the auction. If approved, the agency shall have authority to release the property to the successful bidders at the time of the auction. Buyers fees are allowed if the agency agrees to the percentage of fee charged. Agencies will still be required to submit the appropriate Authorization to Dispose of Personal Property, Inventory Deletion Form, after the auction. The Office of Purchasing, Travel and Fleet Management r eserves the right to attend any auction and to reject any bid which is determined to not be in the best interest of the State.
