The board may sell, or order sold through a designated representative, by public or private sale, any personal property that the board has declared to be surplus at a regular or special meeting and has declared to have an aggregate appraised value of five thousand dollars ($5,000) or less. Whenever the board decides to sell at a private sale, the board must employ a qualified appraiser to determine a reasonable selling price for each kind of surplus item and must publish, in the manner provided in IC 5-3-1 :

1. (1) the fact that a private sale will be held;
2. (2) the location of the sale;
3. (3) the dates of the beginning and end of the sale;
4. (4) the time of day during which the sale will take place;
5. (5) the kinds of items to be sold at the sale; and

6. (6) the price of each kind of item, which may not be less than the reasonable selling price determined by the qualified appraiser.

   If the board decides to sell at a public sale, the board shall conduct the sale in the manner provided by law for the unit.

   [Pre-Local Government Recodification Citation: 19-7-4-21(16).]

   As added by Acts 1981, P.L.309, SEC.110.