Business, Management, and Financial

Disposition of Surplus Property

The Board of Trustees may, by motion or resolution adopted from time to time, identify the surplus property and authorize the sale or disposition of the property on those terms that the Board of Trustees considers to be in the best interest of Colby Community College (CCC). All logos/insignia of any sort must be removed by CCC before disposing of any and all property. The Board of Trustees considers the most appropriate methods of disposition of surplus property to include a public auction, public solicitation or written bids, donation of such property to a not-for-profit organization that is exempt from federal income taxation pursuant to section 501(c)(3) of the federal internal revenue code of 198. CCC operates in accordance and compliance with Kansas Statue 75-6602 (Procedures authorized for disposing of surplus property; rules and regulations).

The President at Colby Community College has the authority to dispose of any item that has no monetary value to the College.  This includes all items that are broken beyond repair, too old for utilization, and ultimately present no value to the institution.  Thus, providing the CCC President the authority to dispose of items in a manner that includes recycling or taking an item to the landfill.  This exception does not provide the President authority to sell any item without prior approval from the Board of Trustees.  Any time an item is disposed of, a detailed list of the surplus property will be provided in the consent agenda for the Board of Trustee’s review at the following Board meeting.  This policy was created to reduce the amount of time it takes the institution to dispose of items that have no discernable value to the institution.

[Revised January 2010; September 2020]