The Kentucky Finance and Administration Cabinet’s Division of Surplus Property, accessible at finance.ky.gov/internal/surplus, plays a critical role in managing and redistributing surplus state government assets. This function is essential for maximizing taxpayer value, minimizing waste, and promoting efficient resource utilization within the Commonwealth. The website serves as a central hub for information regarding the identification, declaration, and disposal of state-owned property deemed no longer necessary or useful by its original department or agency. The primary goal of the Surplus Property Division is to ensure that surplus assets are first offered to other state agencies, local governments, and qualified non-profit organizations. This internal redistribution process allows for cost savings by fulfilling the needs of other public entities with existing resources, thereby avoiding unnecessary new purchases. The website provides a catalog of available surplus items, ranging from office furniture and equipment to vehicles and specialized machinery. Agencies can browse this catalog and request the transfer of items that meet their needs, adhering to established procedures and guidelines. Beyond internal transfers, the Surplus Property Division also facilitates the public sale of surplus property that is not claimed by other government entities or qualified non-profits. These sales are typically conducted through online auctions or sealed bids, providing the public with an opportunity to acquire state-owned assets at potentially discounted prices. The website contains information regarding upcoming auctions, bidding procedures, and terms and conditions of sale. Transparency is a key priority, and the division strives to ensure that the disposal process is fair and accessible to all interested parties. The revenue generated from the sale of surplus property is returned to the state treasury, further contributing to the financial health of the Commonwealth. These funds can then be allocated to various government programs and services, effectively recycling resources and maximizing the benefit to Kentucky taxpayers. The Kentucky Administrative Regulations (KAR) governing surplus property are an important component of the framework. These regulations, accessible through links on the website, provide specific rules and procedures for declaring property as surplus, determining its fair market value, and conducting sales or other methods of disposal. State agencies are responsible for adhering to these regulations, ensuring compliance with state law and ethical standards. The website also offers valuable resources and guidance for state agency personnel involved in the management of surplus property. This includes information on identifying surplus assets, preparing declaration forms, and coordinating the transfer or disposal process. By providing clear and concise information, the Surplus Property Division aims to empower agencies to effectively manage their resources and contribute to the overall efficiency of state government. In conclusion, the Kentucky Finance and Administration Cabinet’s Division of Surplus Property, as showcased on finance.ky.gov/internal/surplus, is a vital function that promotes responsible stewardship of state assets. By prioritizing internal redistribution and conducting transparent public sales, the division maximizes taxpayer value, minimizes waste, and contributes to the financial well-being of the Commonwealth. The website serves as a critical resource for state agencies, local governments, non-profits, and the general public, providing information and guidance on all aspects of surplus property management.

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