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Section D
Sale of Real and Personal Property

D5: Sale of Real and Personal Property

Adoption Date: 09/17/90  |  Revision Date: 10/21/02  |  Revision Date: 08/26/08

The disposition of property which is no longer needed for Prairie State College purposes shall rest with the Board of Trustees.

As agent of the Board, the College President or designee shall be authorized to offer for sale, public or private, any equipment which is no longer used by the College and constituting a cost of less than $10,000. Real or personal property with an estimated sale price of $10,000 or more shall be approved by the Board prior to sale. Personal property which has no appreciable resale value may be donated to a not-for-profit agency or discarded upon the approval of the President or designee.