THE MANAGEMENT AND BUDGET ACT (EXCERPT)
Act 431 of 1984
18.1267 Personal property of state agencies; directives for disclosure, transfer, and disposal; sale at fair market value; payment of costs or assessment of handling fee.Sec. 267.
(1) The department shall issue directives to provide for the disclosure, transfer, and disposal of surplus personal property of state agencies. The department may dispose of surplus personal property by donating the surplus personal property to a nonprofit entity, or selling it to a unit of local government, or selling it at a public sale.
(2) The department may sell surplus personal property at fair market value. The department may also exchange surplus personal property for goods and services at fair market value with a private company that is contracted to provide state services, and the surplus personal property is essential to providing those services.
(3) The department may pay necessary costs incurred in the conduct of the transfers or sale of surplus personal property including the necessary warehousing and reconditioning costs from the proceeds of the sale or by assessing a handling fee for surplus personal property being donated.
History: 1984, Act 431, Eff. Mar. 29, 1985
Am. 1999, Act 8, Imd. Eff. Mar. 22, 1999
Am. 2012, Act 237, Imd. Eff. June 29, 2012
Popular Name: Act 431
Popular Name: DMB
© 2015 Legislative Council, State of Michigan