{"data":{"id":"us-sc/s.c.-code-ann.-11-35-3830","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 11-35-3830","heading":"Trade-in sales.","body":"(1) Trade-in Value. Unless otherwise provided by law, governmental bodies may trade-in personal property, the trade-in value of which may be applied to the procurement or lease of like items. The trade-in value of such personal property shall not exceed an amount as specified in regulations promulgated by the board.\n(2) Approval of Trade-In Sales. When the trade-in value of personal property of a governmental body exceeds the specified amount, the Department of Administration shall have the authority to determine whether:\n(a) the subject personal property shall be traded in and the value applied to the purchase of new like items; or\n(b) the property shall be classified as surplus and sold in accordance with the provisions of Section 11-35-3820. The department's determination shall be in writing and be subject to the provisions of this chapter.\n(3) Record of Trade-In Sales. Governmental bodies shall submit quarterly to the Division of Procurement Services a record listing all trade-in sales made under subsections (1) and (2) of this section, including any applicable written determinations.","path":["Title 11 - PUBLIC FINANCE","CHAPTER 35 South Carolina Consolidated Procurement Code","ARTICLE 15 Supply Management","Subarticle 3 Regulations For Sale, Lease, Transfer, and Disposal"],"source_url":"https://www.scstatehouse.gov/code/t11c035.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:32:44Z","sha256":"553ad3b059c3f4dbd13b2a551a0ac4640c275e5d29ae67ad4d03ffff32635ce6","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-11-35-3820","next":"us-sc/s.c.-code-ann.-11-35-3840"},"notice":"GroundRules: Original legal text. Not legal advice."}