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Form 80 Wilmington North Carolina: What You Should Know
This audit is necessary so that the General Fund can meet the ongoing costs that the excess property costs. The Surplus Property Agency is authorized to sell the excess property to individuals and organizations that have a valid use for the property, and are in sufficient financial, administrative and legal capacity to conduct the disposition and/or disposition in accordance with the law. The State Surplus Property Agency has established rules and procedures for the receipt, custody, sale and disposition of surplus property that meet the standards stated in Chapter 15.40, Department of Conservation and Natural Resources Administrative Rules (DUNBAR) of 1976. The Surplus Property Agency is responsible for ensuring that surplus property disposed of under this program is properly handled and disposed of in a method that is consistent with applicable law and with public safety, which may include, but is not limited to, maintaining records of dispositions and dispositions that meet the requirements of state law. The Surplus Property Agency operates a Surplus Property Inventory system and is responsible for approving dispositions for sale. Surplus property may not be offered for sale or for use in a manner that violates state law or regulations or federal regulation. In order to meet these requirements the Surplus Property Agency will require a valid Surplus Property Sale Certificate which is issued to the purchaser upon proper verification of the Surplus Property transaction. Applications for Surplus Property Transaction Services are accepted from individuals, private companies, agencies, entities not located or operating within the State of North Carolina, and the Department of State. The State Surplus Property Agency will approve an application when the following criteria are met: (1) a valid, current and complete contract with the purchaser (2) the Surplus Property Transaction Services is offered for a fair, reasonable, and reasonable fee The Surplus Property Transaction Services fee is 50 to 75 per transaction depending upon the length of the transaction from start to finish. Surplus Property Transaction Services are not accepted for a non-profit organization or a county to county transaction (including a one time purchase by a county or city government).
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