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  3. Why am I required to dispose of assets through the surplus process?
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  3. Why am I required to dispose of assets through the surplus process?

Why am I required to dispose of assets through the surplus process?

As is required per State Regulations, all assets, capital or non-capital, purchased by a State entity, must be disposed of through the University Surplus Property Office; they cannot simply be thrown away!  Due to the size of our University, the State has authorized and allowed NC State University to create its own internal surplus group to handle these disposals. The NC State Surplus Group is administered by Surplus Property Services, part of Procurement & Business Services

IMPORTANT

Prior to the surplus of any University property, please review REG 07.40.01 – Disposal of University Property to ensure compliance with University policies. Guidelines are available per Uniform Guidance for Property Disposition.

Read more:

Asset Management and Surplus Manual, Surplusing Assets and University Property

Updated on February 28, 2020

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