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Sale/Disposal of College Property

LMC Revised Date

Office of Origin: Finance
Original Date Adopted: 03-10-89
Dates Reviewed: 08-16-12, 11-20-17
Last Date Modified & Approved: 11-20-17

Policy Statement:

The Chief Financial Officer of Lake Michigan College (the College) must approve in advance and in writing the sale or disposal of any item valued at more than $1,000 but less than $49,999.

The College President must approve in advance and in writing the sale or disposal of any item valued at more than $49,999.

Responsibility:  Chief Financial Officer

References:  Lake Michigan College’s Sale Disposal College Property Procedure

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