CHAPTER 227

FORMERLY

HOUSE BILL NO. 341

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

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section I. Amend §7002, Chapter 70, Title 29 of the Delaware Code by striking all of subsection (e) starting with the words, "If the materiel to be sold..." and inserting in lieu thereof the following:

"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. Nothing in this section shall interfere with the right of the Department to transfer or sell such equipment within the state to approved applicants as defined in Chapter 88, Title 29, Section 8807 (1)(c) at mutually agreed values prior to the public action. The sale shall be conducted for the agency by the Department of Administrative Services upon written request of the agency."

Approved February 7, 1984.