S.C. Code § 11-35-3820

Current through 2024 Act No. 225.

Section 11-35-3820 - Allocation of proceeds for sale or disposal of surplus supplies

Except as provided in Section 11-35-3830 and the regulations pursuant thereto, the sale of all state-owned supplies, or personal property not in actual public use must be conducted and directed by the Department of Administration. The sales must be held at such places and in a manner as in the judgment of the department is most advantageous to the State. Unless otherwise determined, sales must be by either public auction or competitive sealed bid to the highest bidder. Each governmental body shall inventory and report to the division all surplus personal property not in actual public use held by that governmental body for sale. The department shall deposit the proceeds from the sales, less expense of the sales, in the state general fund or as otherwise directed by regulation. This policy and procedure applies to all governmental bodies unless exempt by law.

S.C. Code § 11-35-3820

Amended by 2019 S.C. Acts, Act No. 41 (SB 530),s 52, eff. 5/13/2019.

Amended by 2014 S.C. Acts, Act No. 121 (SB 22), s V-7, eff. 7/1/2015.

2006 Act No. 376, Section 50; 1997 Act No. 153, Section 1; 1981 Act No. 148, Section 1.

2019 Act No. 41, Section 80, provides as follows:

"SECTION 80. This act takes effect upon approval by the Governor and applies to solicitations issued after that date."