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SCHOOL FACILITIES <br />9215 <br />Page 2 of 4 <br /> <br />Bonneville Joint School District No. 93 <br />Acquisition, Disposal, and Exchange of School Property <br />a. For personal property that has an estimated value of less than one thousand <br />dollars ($1,000), the Board may dispose of such property by sealed bid or by <br />public auction. <br /> <br />b. Prior to disposal of such property, at least one (1) published advertisement is <br />required. <br /> <br />3. Property Valued $1,000 or greater <br /> <br />a. The Board may elect to abstain from an appraisal of personal property if the <br />estimated value of such property is less than five thousand dollars ($5,000). <br /> <br />b. For real property with a value of one thousand dollars ($1,000) or greater, such <br />property shall be appraised. <br /> <br />c. The Board may dispose of such property by sealed bids or by public auction to <br />the highest bidder. <br /> <br />d. Notice of the time and method of sale shall be published twice pursuant to Idaho <br />Code § 33-402(2) Notice Requirements. <br /> <br />e. Proof of posting pursuant to Idaho Code § 33-402(3) Notice Requirements shall <br />be acquired prior to sale. <br /> <br />f. Such property may be sold for cash or upon such terms and conditions as the <br />Board determines; however, the term of contract shall not exceed ten (10) years <br />and shall bear an annual interest rate of not less than seven percent (7%). <br /> <br />g. Title to property sold on contract shall remain in the District until full payment is <br />received. <br /> <br />Personal Property purchased for employee gifts <br /> <br />Personal property purchased for $200 or less may be given to employees as gifts. <br />These gifts should be infrequent and, in some way, connected to the duties of the <br />employee receiving the gift. Examples of these gifts are clothing, supplies, and <br />accessories. <br /> <br />Donated Property <br /> <br />If real property is donated to the District, the Board may sell such property within one <br />(1) year of the time of initial receipt by the District without advertising or bidding. <br /> <br />Exchange of Property <br />