RELATED TO POLICY SERIES NO: 5035
TITLE: DISPOSAL OF ITEMS ACQUIRED FOR STUDENT INSTRUCTIONAL EXPERIENCES AND SUBSEQUENT RESALE
To establish parameters for the disposal of student instructional projects.
Intellectual and personal property rights for student-produced projects shall remain the property of the student. In the event a student project remains at LBCC beyond the deadline for challenging the student's grade, disposal of that property is covered by this administrative rule.
The authority and responsibility for disposal of student instructional projects and appropriate use of any proceeds is vested in the respective division dean acting as agent for the college in disposal of resale items.
Disposals shall be made in the most cost effective manner in which competitive bids may be solicited from the public.
Oral or sealed bids: Advertisements for sale of property may be published in at least one newspaper of general circulation within the college district, giving the time and place of receipt of bids, oral or sealed. College staff and Board members may participate in sealed bidding. Neither staff nor Board members may utilize any internal information when placing bids.
Internet-based bidding or auctions: Items may be placed on internet-based auction or bidding sites open to the general public if sufficient opportunity exists for multiple competitive bids.
Public sales: Items may be offered for sale in public sales. LBCC staff and Board members are free to purchase at public sales under the same terms as the general public.
Culinary Arts projects may be disposed of in any reasonable manner approved by the program coordinator.
Sale or disposal by means other than public sale, oral, or sealed bids must be approved by the vice president of finance and operations.
Proceeds of any sale shall be utilized in support of the program that generated the revenue, either through auxiliary funds or co-curricular clubs.
DATE OF ADOPTION: 08/13/84
DATE(S) OF REVISION(S): 10/03/95; 05/02/11; 10/31/16
DATE OF LAST REVIEW: 10/31/16