Tenn. Comp. R. & Regs. 0690-02-01-.05 - CRITERIA FOR DETERMINATION OF METHOD OF DISPOSAL

(1) If the Commissioner approves the declaration of property as surplus, the method of disposal shall be determined by the Commissioner from the alternatives set forth in .03 (1) of this chapter. Written documentation for the selection of method of disposal shall be maintained.
(2) Priorities for the selection of the method of disposal shall be in the order listed in rule .03 (1) of this chapter. The selection of any method other than the first priority shall be justified in writing in terms of the following criteria:
(a) The character, utility, and functionality of the property;
(b) The economics of disposal in light of all relevant circumstances attendant the proposed disposal, including the condition and climate of the potential market and present estimated market value of the property, transportation costs, and other cost factors associated with disposal; and
(c) Sound fiscal and budgetary policy and practices.

Notes

Tenn. Comp. R. & Regs. 0690-02-01-.05
Original rule filed April 20, 1978; effective July 14, 1978.

Authority: T.C.A. ยง 12-2-405.

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