Surplus Policy - Revised 2017.pdf

The document outlines procedures for the disposal of surplus property owned by a Port, excluding real property, that is no longer needed or has no current use. It specifies the statutory authority for selling surplus property based on value thresholds and the annual resolution process for authorization. The definition of surplus property is provided, along with methods of disposal such as trade-ins, auctions, donations, and discarding. The policy prohibits Port officials and employees from using or taking surplus property for personal use. The surplus process involves notifying the Procurement and Contracts Administrator, determining the disposition of surplus items, estimating market value, preparing inventory tags, and obtaining approval for disposal methods. The document emphasizes transparency and accountability in handling surplus property.