What is state-owned Surplus property?

Property state-owned surplus
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What is state-owned Surplus property?

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State-owned surplus property is anything owned by the State that is determined to be no longer useful or needed by a state agency. Who can purchase state-owned Surplus property? Surplus state-owned property can be transferred to state agencies, purchased by local units of government, or purchased by the general public, in that order. Are prices marked on the items for sale? No. Items sold through auction or sealed bid may be subject to a minimum bid starting point and are sold to the highest and responsible bidder. What is a Performance Bond? A performance bond is a required deposit that ensures that a bidder removes all awarded items. This bond is returned to the bidder upon complete item removal. What methods of payment are accepted? Cash, certified checks, cashier’s checks and money orders are accepted. Personal and company checks are not acceptable. Letters of credit are not accepted. What is a bid packet and how can I obtain one? A bid packet is used to bid on items sold through s

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