Surplus Proceeds
In many cases the net proceeds from the sale of university property are returned to the department releasing the property, minus the cost of handling and transportation which is retained by Surplus Operations.
On Sales of
|
Amount Retained by
Receiving Services |
$1,000.00 or less |
100%
|
$1,001.00 to $5,000.00 |
50%
|
more than $5,000.00 |
35%
|