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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) As used in this section, “item of minimal value” means an item of property that:
(a)(i) had an initial purchase price of less than $100; and
(ii) does not appreciate in value; or
(b) the surplus property program administrator determines to be worth less than $100.
(2) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the division shall make rules that permit a state agency to dispose of an item of minimal value that the state agency has declared to be state surplus property as provided in Section 63A-2-401.
(3) Property of a state agency is presumed to be an item of minimal value if the property is not purchased after the surplus property program administrator offers the property for sale to the public at a price above $100.
Cite this article: FindLaw.com - Utah Code Title 63A. Utah Government Operations Code § 63A-2-411. Disposal of state surplus property with minimal value - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63a-utah-government-operations-code/ut-code-sect-63a-2-411/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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