Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 50-5-143 - Transfer to political subdivision by negotiated sale; conditions — Georgia Law | CourtGPT
  1. Home/
  2. Laws/
  3. Georgia/
  4. Title 50 - State Government/
  5. Chapter 5 - Department of Administrative Services/
  6. Article 4 - Disposition of Surplus Property/
  7. Section 50-5-143 - Transfer to political subdivision by negotiated sale; conditions
Georgia Legal Code

Section 50-5-143 - Transfer to political subdivision by negotiated sale; conditions

Ask AI about this
(a) As used in this Code section, the term 'political subdivision' means any county or municipality or any county or independent board of education.(b) In addition to the authority provided in Code Section 50-5-141, the Department of Administrative Services shall be further authorized to dispose of surplus property by the transfer of the property to any political subdivision through a negotiated sale if the Department of Administrative Services determines that such sale would be in the best interests of the state, and, under the circumstances, the negotiated sales price would constitute a reasonable consideration for the property.(c) When any surplus property is transferred to a political subdivision, pursuant to subsection (b) of this Code section, such transfer shall be subject to the following conditions: (1) The property shall not be resold by any such political subdivision within one year after the transfer without the written consent of the Department of Administrative Services; and(2) The Department of Administrative Services shall have the right, which shall be exercised at its discretion, to supervise the resale of the property at public outcry to the highest responsible

and(2) The Department of Administrative Services shall have the right, which shall be exercised at its discretion, to supervise the resale of the property at public outcry to the highest responsible bidder if the resale of the property is within one year after such transfer.Amended by 2020 Ga. Laws 496,§ 1, eff. 1/1/2021.