This policy provides the University with a surplus equipment disposal procedure that will ensure that University property has provided a value beyond its worth, and that the disposal will be conducted in an equitable, efficient, and cost effective manner.
Reason For Policy:
The reason for the Surplus Property Policy and Procedure is to provide a clear and concise guideline for the disposal of all East Stroudsburg University surplus property, excluding real estate.
Surplus Property: Surplus property is equipment, furniture or property excluding real estate that is available for disposal, re-distribution, and sale because East Stroudsburg University no longer has a need of, or a useful purpose, for the equipment, furniture or property excluding real estate.
Scrap - equipment, furniture or property excluding real estate in poor condition, obsolete in function or broken such as to be discarded as worthless or sold to be reused as parts; junk.