School property, such as equipment, furnishings, or supplies (hereinafter 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 $5,000 will be sold or disposed of in a manner determined by the board. All equipment will be listed in the official newspaper for ale and bis will be accepted in the business manager’s office. However, 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 will be published with at least one insertion each week for two consecutive weeks. Any disposition other than a sale will be published once in 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.
Cross Reference: 704 Revenue
705.1 Purchasing - Bidding
803 Selling and Leasing
Approved 11-15-04 Reviewed 11-16-09 6-19-19 4/19/21 Revised 4/19/21