Property with fair market value less than one hundred dollars

If the property has an estimated fair market value less than one hundred dollars, the administrator may designate one of the following methods of disposal: (1) Transfer to a state agency or authorized entity with or without charge; (2) Internet sales; (3) Public auction; (4) Sale of the property as scrap; (5) Exchange as trade-in for replacement equipment; (6) Sales through agents for a negotiated fee; (7) Direct sales to the public for established prices; (8) Cannibalization; or (9) Disposal at a landfill, recycling center, or other waste facility. Source: SL 2008, ch 32 , § 7.