0690-02-01-.15
Items To Be Held For Local Sale
Cite as Tenn. Comp. R. & Regs. 0690-02-01-.15
(1)
In instances when it is not economically feasible and fiscally sound to transport surplus
property determined to have a salvage value to another location for sale, a local sale shall be
held.
(a)
The method of disposal to be utilized in local sales shall be determined as follows:
1.
If enough surplus property is available to justify an “on-site” public auction, it shall
be disposed of by such method.
2.
If not enough surplus property is available to justify an “on-site” public auction,
such property shall be sold under sealed bids, publicly advertised, opened, and
recorded.
(b)
Local sales by public auction and under sealed bids shall be advertised, and public
notices shall be posted in accordance with provisions of rule 0690-02-01-.06 of this
chapter.