CHAPTER 242

FORMERLY

HOUSE BILL NO. 342

AN ACT TO AMEND CHAPTER 70, TITLE 29, DELAWARE CODE, RELATING TO SALE OF STATE OWNED MATERIAL.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Section 7002, Chapter 70, Title 29 of the Delaware Code, is amended by adding a new subparagraph (e) at the end thereof to read as follows:

"(e) The term 'excess' as used in this section shall not apply to used materiel which is being replaced in kind. In the event an agency determines to replace materiel, the agency may 'trade-in' such materiel on similar materiel or it may sell such materiel and credit the receipt in accordance with the provisions of Section 6102 (c) of this title. If the materiel to be sold has an estimated value in excess of $100 it shall be sold by public auction or pursuant to competitive bids in accordance with regulations promulgated by the Department of Finance. The sale shall be conducted for the agency by the Department of Administrative Services upon written request of the agency."

Approved February 5, 1974.