Certain items of property and equipment are available, at significant cost savings, through the Federal Surplus Property Program which is administered by the Missouri State Agency for Surplus Property.
Authority & Responsibility for Purchases – The College President is empowered to authorize College personnel to acquire property from the Missouri State Agency for Surplus Property.
Conditions Governing Acquisition and Use:
Surplus property may be acquired only for educational or research purposes within the State of Missouri. Any acquisition for purposes of resale or non-educational use is prohibited.
All surplus property having a single item acquisition cost of $5,000 or more to the U.S. Government, regardless of its cost to the College, and all motor vehicles:
Must be placed in use for the purpose for which acquired, no later than 12 months after acquisition.
Must be used for the purpose for which acquired, for a period of not less than 18 months, except aircraft which is to be used for a period of not less than 5 years.
May not be sold, traded, leased, loaned, bailed, cannibalized or dissembled for secondary purposes or otherwise disposed, or removed from the State of Missouri during the specified period of use without prior written approval of the Federal Government.
May be transferred between departments during the specified period of use only if the property will be used for purposes similar to those for which it was originally acquired.
All surplus property purchased must follow equipment management guidelines.
LINE OF AUTHORITY
Responsible administrator or office: Business Office