§103D-1202  Rules.  The policy boardshall adopt rules in accordance with chapter 91 governing:

(1)  The management of properties during their entirelife cycle;

(2)  The classes of property, whether expendable ornonexpendable;

(3)  The action to be taken in case of lost, stolen,damaged, unserviceable, or unsuitable property;

(4)  The sale, lease, trade-in, or disposal of surplusproperty by public auction, competitive sealed bidding, or other appropriatemethod designated by rules; provided that no employee of the owning ordisposing agency shall be entitled to purchase this property; and

(5)  The transfer of excess property. [L 1994, c 186,pt of §1; am L 1997, c 352, §23]