§200-45  When public auction not required.  Public
auction shall not be required when the appraised value of any vessel is less
than $5,000, as determined by an independent appraiser who has at least one
year of experience in the sale or purchase of vessels.  Upon that
determination, after public notice of intended disposition has been given at
least once, the department may sell the vessel by negotiation, dispose of it as
junk, or donate the vessel to any governmental agency. [L 1991, c 272, pt of
§2; am L 2004, c 70, §4]