Disposition of Equipment

304.01

Disposition of Equipment

The College ensures the responsible and transparent disposition of obsolete or surplus equipment in a manner that safeguards public resources and maximizes value to the institution.  The recommendation for disposal of obsolete or surplus equipment is made by the President or the President’s designee in accordance with college procedures and applicable laws. Disposal of any equipment with a net book value or fair market value, whichever is greater, exceeding $25,000 requires prior approval by the Board of Trustees upon recommendation of the President or designee. Disposal of any equipment with a net book value or fair market value, whichever is greater, exceeding $5,000 is subject to public solicitation of bids, unless otherwise exempted under State statute or other Board-approved policy. Equipment with a net book value or fair market value of $5,000 or less may be disposed of through competitive sale, trade-in, recycling, or donation, as determined by the President or designee, consistent with college procedures. The Business Office maintains records of all disposed assets, including method of disposition, valuation, and Board approvals where applicable.

Revised: 02-12-1979, 12-15-2025
Cabinet Reviewed: 07-09-2024, 08-26-2025