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DISPOSITION OF NEWPORT NEWS REDEVELOPMENT & HOUSING AUTHORITY
PROPERTY POLICY
Effective Date: Immediately
Approved By: __________________ Date ______________
Applies To: All Employees, Board Members, Temp Agency Employees, Interns, & Volunteers
I. Purpose
The purpose of this policy is to establish uniform procedures for the disposition of Newport
News Redevelopment & Housing Authority (NNRHA)-owned personal property that is no
longer needed for operations due to age, wear, damage, obsolescence, or replacement. This
policy promotes accountability, transparency, compliance with applicable federal, state, and local
requirements, and ensures the NNRHA receives the maximum practical value from surplus
assets.
This policy applies to all NNRHA-owned personal property purchased with Authority funds or
grant funds, excluding real property (land and buildings).
II. Scope
NNRHA property includes, but is not limited to:
• Vehicles
• Maintenance equipment and tools
• Office furniture and equipment
• Computers, laptops, tablets, printers, and related technology equipment
• Appliances
• Supplies with resale value
• Machinery
• Other tangible assets purchased to support the Authority's goals, operations and programs
III. Policy
The NNRHA shall dispose of property that has become worn, damaged beyond economical
repair, obsolete, or no longer required for operational purposes in a manner that is fair,
transparent, and in the best interest of the Authority.Jump to an indexed page (141 of 141)