Surplus property definition

Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA).

Surplus property means any personal property, owned by the District that is determined no longer useful.

Surplus property means personal property that:

Examples of Surplus property in a sentence

• WTA has the authority to Transfer Surplus Property to the fullest extent allowed by law, including, but not limited to, in the following circumstances: (1) receipt by WTA of Fair Market Value for the Surplus Property; (2) a Transfer to a public agency in compliance with RCW 39.33.010; (3) a Transfer for a Public Benefit and otherwise in conformity with RCW 39.33.015; or (4) a Transfer otherwise authorized under WTA’s authority as granted by RCW Chapter 36.57A.

• If the Surplus Property is proposed to be sold to a third party or any other governmental entity, then WTA shall seek out proposals for thesale of the Surplus Property.

• Any Transfer of Surplus Property, and entry of a lease or execution of a quit claim deed must be approved at the time of final Transfer by the WTA Board through a resolution.

• If Surplus Property is proposed to be subject to a Transfer to another public agency or municipality, then bids should be sought that will pay the True and Full Value.

• If the Surplus Property is proposed to be subject to a Transfer for Fair Market Value, then WTA shall secure an appraisal of the Property from an MAI-Certified Appraiser.

More Definitions of Surplus property

Surplus property means personal property that is in excess of the needs of its owner, that is not required for the owner's foreseeable needs, and that possesses some usefulness for the purpose for which it was intended or for some other purpose.

Surplus property means personal property not needed for a local unit’s public use. This term shall encompass renewable energy certificates (RECs) but shall not include personal property that is necessary or incidental to the furnishing, refurnishing, or refurbishing of a building sold or leased as part of an online auction of real property.

Surplus property means land owned by a school district that:

Surplus property means excess personal property not required by any Federal agency as determined by the Admin- istrator of the General Services Administration (GSA). (See 41 CFR 102-36.40).

Surplus property means personal property owned by the city of St. Helens which is no longer needed for use by the department to which such property has been assigned. (Ord. 3158 § 2, 2012; Ord. 2942 § 12, 2005)

Surplus property means real or personal property owned or acquired by the County that: is no longer being used by the County; is no longer usable by the County; is out of date; is damaged and likely cannot be repaired at a cost less than the property’s expected fair market value after repair; has exceeded its expected life span; or is no longer needed to fulfill the respective department’s or office’s responsibilities.

Surplus property means property no longer needed by a State agency.