Section 80IAC3-1-2. Methods of disposal

   (a) One (1) or more of the following methods may be used either singularly or in combination for the disposal of property owned by the commission:

(1) Competitive sealed bid.

(2) Public sale or auction.

(3) Sale for reclamation or recycling.

(4) Allowance made on another purchase.

(5) Worthless property may be donated to:

(A) a charitable corporation;

(B) an educational entity or a school corporation (as defined by IC 36-1-2-17); or

(C) nonpublic schools (as defined in IC 20-18-2-12).

(6) Worthless property with no intrinsic value or worth may be thrown away.

  (b) Regardless of the selected method of disposal, detailed listings of property to be disposed shall be maintained within the files of the commission.

  (c) The proceeds derived from any of the selected methods of disposal shall be directly deposited in the general operating fund of the commission. The commission may further designate:

(1) a specific fund under the general operating fund to which proceeds may be deposited; and

(2) expenditures of proceeds from the specified fund.

  (d) Disposal of commission property shall be in accordance with 80 IAC 3-2.

  (e) The disposal of property owned by the commission may be subject to the applicable state gross retail tax as outlined in IC 6-2.5-2. (State Fair Commission; 80 IAC 3-1-2; filed Nov 27, 1991, 2:00 p.m.: 15 IR 455; readopted filed Sep 11, 2001, 2:45 p.m.: 25 IR 528; readopted filed Oct 4, 2007, 10:29 a.m.: 20071024-IR-080070451RFA; filed Mar 18, 2008, 2:19 p.m.: 20080416-IR-080070587FRA; readopted filed Sep 18, 2013, 2:12 p.m.: 20131016-IR-080130242RFA)