N.Y. Public Authorities Law § 2896: Duties of public authorities with respect to the disposal of property

§ 2896. Duties of public authorities with respect to the disposal of

property. 1. Every authority, as defined in section two of this chapter,

shall adopt by resolution comprehensive guidelines which shall (a)

detail the public authority's operative policy and instructions

regarding the use, awarding, monitoring and reporting of contracts for

the disposal of property, and (b) designate a contracting officer who

shall be responsible for the public authority's compliance with, and

enforcement of, such guidelines. Such guidelines shall be consistent

with, and shall require the public authority's contracting activities to

comply with this section, the authorities enabling legislation and any

other applicable law for the disposal of property, except that such

guidelines may be stricter than the provisions of this section, the

authorities enabling legislation and any other applicable law for the

disposal of property if the public authority determines that additional

safeguards are necessary to assure the integrity of its disposition

activities. Guidelines approved by the public authority shall be

annually reviewed and approved by the governing body of the public

authority. On or before the thirty-first day of March in each year, the

public authority shall file with the comptroller a copy of the

guidelines most recently reviewed and approved by the public authority,

including the name of the public authority's designated contracting

officer. At the time of filing such guidelines with the comptroller,

every public authority shall also post such guidelines on the public

authority's internet website. Guidelines posted on the public

authority's internet website shall be maintained on such website at

least until the procurement guidelines for the following year are posted

on such website.

2. Each public authority shall:

a. maintain adequate inventory controls and accountability systems for

all property under its control;

b. periodically inventory such property to determine which property

shall be disposed of;

c. produce a written report of such property in accordance with

subdivision three of this section;

d. transfer or dispose of such property as promptly as possible in

accordance with section twenty-eight hundred ninety-seven of this title.

3. a. Each public authority shall publish, not less frequently than

annually, a report listing all real property of the public authority.

Such report shall include a list and full description of all real and

personal property disposed of during such period. The report shall

contain the price received by the public authority and the name of the

purchaser for all such property sold by the public authority during such

period.

b. The public authority shall deliver copies of such report to the

comptroller, the director of the budget, the commissioner of general

services, the legislature and the authorities budget office.