School property, such as equipment, furnishings, or supplies (hereafter equipment), will be disposed of when it is determined to be of no further use to the school district. It is
the objective of the school district in disposing of the equipment to achieve the best available price or most economical disposal.
Obsolete equipment having a value of less than $5000 will be sold or disposed of in a manner determined by the board. Items will be advertised and sold by highest bidder, by
auction, or on a first- come basis. The sale of equipment, furnishings or supplies disposed of in this manner will be published in a newspaper of general circulation. The
publication of the sale or disposition will be published with at least one insertion each week for two consecutive weeks. Any other disposition may be done in any other
manner so with only one insertion in the same newspaper.
A public hearing will be held regarding the disposal of the equipment with a value of $5,000 or more prior to the board's final decision. The board will adopt a resolution
announcing the proposed sale and will publish notice of the time and place of the public hearing and the description of the property will be in the resolution. Notice of the
public hearing will be published at least once, but not less than 10 days and not more than 20 days, prior to the hearing date. Upon completion of the public hearing, the board
may dispose of the equipment.
It is the responsibility of the superintendent to make a recommendation to the board regarding the method for disposing of equipment of no further use to the school district.
NOTE: The language in the second and third paragraphs reflect Iowa law regarding the sale of personal property. Boards should add their procedures for disposition of
personal property valued at less than $5,000 in the second paragraph.
Legal Reference: Iowa Code §§ 297.22-.25 (2007).
Cross Reference: 704 Revenue
705.1 Purchasing - Bidding
803 Selling and Leasing
Approved 3-18-13
Reviewed
Revised 12-15-2014
