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.

1.4 Disposal is the final step in the final phase of the management of personal property.

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.

1.7 This practice does not specifically address disposal requirements of governmental laws and regulations. However, this practice enables an entity to align or integrate applicable governmental laws and regulations with its own requirements.

1.7.1 When disposing of property owned by another entity, entities must adhere to contractual requirements of the owning entity as well as applicable statutory and regulatory guidelines, policies, and requirements specific to the owning entity.

1.8 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.