Improving the equitable distribution of revenue from the sale of South Carolina surplus property

Hornsby, Tom
South Carolina Budget and Control Board, Division of General Services, Surplus Property Office , Surplus government property--South Carolina
State agencies are required to maintain inventories of property and to declare all items they no longer need or use as surplus. The State Surplus Property Office would like to make sure that state agencies and other government entities are receiving an equitable return on the property they declare as surplus and that agencies use SPO as a source of purchases. Several issues were determined to be of importance in order for agencies to increase their income while maintaining an appropriate level of funding for SPO: SPO should review their fee schedules to make sure they are currently relevant to operations and SPO should determine what a reasonable return on sales should be for agencies so that they might improve reporting of surplus items and increase the inventory available to sell. Approval of the recommendations made in this project will allow SPO to cover its costs while returning a portion of every sale back to the agency that owns the property and making surplus property a continuous revenue stream for every agency.
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South Carolina State Library
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South Carolina State Documents Depository
Copyright status undetermined. For more information contact, South Carolina State Library, 1500 Senate Street, Columbia, South Carolina 29201.
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