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Any LEA that has received state-owned personal property for use in its career and technical education programs may request special approval from the commissioner of education permitting it to trade in for replacement equipment any state-owned item of career and technical equipment in its possession whose initial acquisition cost exceeded three hundred dollars ($300).
Notwithstanding any other law to the contrary, the commissioner may grant the permission requested in subsection (a) under guidelines developed by the division of career and technical education. The guidelines shall include, but not be limited to, such matters as a replacement schedule, age, repair history and technical usefulness of the equipment. The cost difference of replacement equipment acquired under this plan shall be borne by the LEA, and title to the replacement equipment shall remain with the department.
The commissioner's approval granted under subsections (a) and (b) is sufficient to convey clear title to any equipment traded in under this section. The division of career and technical education shall maintain an inventory of all equipment, individually identified by description and serial number, that has been traded in or acquired under this section.
Any personal property now on state inventory and used by an LEA for career and technical education programs in a nonstate-owned facility is transferred upon request to the respective custodial LEA, which is vested with clear title to the property.