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



(1)  The management of properties during their entire
life cycle;



(2)  The classes of property, whether expendable or
nonexpendable;



(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 surplus
property by public auction, competitive sealed bidding, or other appropriate
method designated by rules; provided that no employee of the owning or
disposing 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]