DOCUMENT

MODL - Award - OA4 Disposal of Items Example 2005

  • YEAR CREATED: 2005
  • ENTITY TYPE: Authority: Transportation
  • TYPE OF DOCUMENT: MODL - Model, Templates
The document is an administrative policy and procedure for Sound Transit regarding the disposal of personal property that is no longer needed. The purpose of the policy is to ensure that surplus property is disposed of in compliance with legal requirements and to potentially generate revenue. The document references various resolutions, policies, and laws related to the disposal of property. The policy states that Sound Transit departments must notify the appropriate department for proper disposal of surplus items. The Chief Executive Officer or designee has the authority to declare items with a value of less than $50,000 as surplus, while items with a higher value must be presented to the Finance and/or Executive Committee for approval. The document outlines various methods of disposition, including sale, transfer, donation, trade-in, and auction. It also mentions that the owning department may be charged for the cost of disposal and that hazardous materials must be disposed of in accordance with state and local laws. The policy emphasizes compliance with advertising and disposition requirements for certain surplus property. It also provides flexibility to the department in handling surplus property and requires adjustments to the fixed asset system to reflect disposal. If items were purchased with grant funds, the Grantor Agency must be notified and further disposal actions require their concurrence. Waste materials and items with no resale market should be disposed of through waste removal or recycling services. Abandoned vehicles subject to licensing are to be referred to the appropriate department for disposal.
MEMBERS ONLY DOWNLOAD
Advertisement

Similar Documents