5.1 Continuing emphasis by interested stakeholders demands that an entity dispose of surplus personal property in the most economical and efficient manner possible.
5.2 The selection of the disposal method may depend on regulatory, environmental, or safety concerns.
5.3 A personal property disposal program should be conducted in a manner consistent with the entity’s requirements, goals, and objectives.
1.1 This practice describes various personal property disposal methods including donation, sales, recycling, destruction, and abandonment.
1.2 This practice recognizes that while some entities distinguish between ‘excess’ and ‘surplus’ personal property, this practice will remain consistent with Terminology E2135 using those words as they are defined therein.
1.3 Prior to disposing of any personal property, consideration should be given to reutilization/reuse within the owning entity.
1.5 As entities may incur unnecessary or additional costs associated with recordkeeping, taxes, storage, maintenance, etc,. of personal property until final disposal actions are complete, selecting the most efficient and economical method of disposal is critical to a successful disposal program.
1.6 This practice does not include specific requirements for the classification or the disposal of scrap items or materials.