NAC333.120. Disposal of personal property.

     1. Except as otherwise provided in subsection 4, if the Administrator has transferred or sold personal property, including forfeited personal property, pursuant to subsection 3 of NRS 333.220 or NRS 334.040 to a governmental agency within this state or to an entity that is eligible to acquire federal donable surplus property, and that agency or entity determines that the personal property is of no further use to it, the agency or entity may only dispose of the personal property by:

     (a) Transferring the personal property to another governmental agency within this state or to another entity that is eligible to acquire federal donable surplus property;

     (b) Returning the personal property to the Division for sale on consignment; or

     (c) Selling the personal property pursuant to the provisions of chapters 332, 333 and 334 of NRS.

     2. If an agency or entity disposes of personal property pursuant to subsection 1, any money realized therefrom that exceeds the amount originally paid for the personal property by the agency or entity must be deposited in the State Purchasing Fund.

     3. The provisions of subsection 2 apply to an agency or entity that acquires personal property in the manner described in subsection 1 regardless of the number of times the agency or entity transfers the personal property.

     4. The provisions of subsection 1 do not apply to an agency or entity that acquires personal property in the manner described in that subsection after the agency or entity has retained the personal property for a period of at least 2 years.

     (Added to NAC by Chief of Purchasing Div. by R099-99, eff. 12-13-99)