803.01 - Disposition of Obsolete Equipment

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 or property other than real property having a value of no more than $25,000 will be sold or disposed of in a manner determined by the board.  However, the sale of equipment, furnishings or supplies disposed of in this manner will be published in a newspaper of general circulation. 

A public hearing will be held regarding the disposal of the equipment with a value of $25,000  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.

 

 

Legal Reference:  Iowa Code §§ 297.22-.25.

Cross Reference:  704                                      Revenue
                                       705.1                                  Purchasing - Bidding
                                       803                                      Selling and Leasing

Approved    11/2019                              
Reviewed    2/20/2023                                                                           
Revised     2/20/2023