§103D-1202 Rules. The policy board shall adopt rules in accordance with chapter 91 governing:
(1) The management of properties during their entire life cycle;
(2) The classes of property, whether expendable or nonexpendable;
(3) The action to be taken in case of lost, stolen, damaged, unserviceable, or unsuitable property;
(4) The sale, lease, trade-in, or disposal of surplus property by public auction, competitive sealed bidding, or other appropriate method designated by rules; provided that no employee of the owning or disposing agency shall be entitled to purchase this property; and
(5) The transfer of excess property. [L 1994, c 186, pt of §1; am L 1997, c 352, §23]