7310 - DISPOSAL OF CORPORATION PROPERTY

The Superintendent shall have the authority to approve the disposal of property (materials, equipment, furnishings, et al) having a market value of $500.00 or less.

The person in charge of each facility or program shall be responsible for the identification of property which is no longer needed for the proper operation of the Corporation. Each is to develop a plan for the proper disposal of such obsolete property.

A record is to be maintained of all property disposed of under the provisions of this administrative guideline, including the fair market value of the property. A summary of such transactions shall be made available to the Board on a quarterly basis.