§103D-1202  Rules.  The policy board shall adopt rules in accordance with chapter 91 governing:

     (1)  The management of properties during their entire life cycle;

     (2)  The classes of property, whether expendable or nonexpendable;

     (3)  The action to be taken in case of lost, stolen, damaged, unserviceable, or unsuitable property;

     (4)  The sale, lease, trade-in, or disposal of surplus property by public auction, competitive sealed bidding, or other appropriate method designated by rules; provided that no employee of the owning or disposing agency shall be entitled to purchase this property; and

     (5)  The transfer of excess property. [L 1994, c 186, pt of §1; am L 1997, c 352, §23]