12 Miss. Code. R. 6-8.101.01.4 - An item or group of items of personal property may be sold to another state agency or governing authority by private treaty sale as set forth in Subsection 8.101.04.1, Private treaty sale is generally intended to refer to a sale based on the buyer's acceptance of a price set by the seller
An item or group of items of personal property with a total estimated value of not more than $1,000 may be sold by private treaty negotiated sale to any private entity as set forth in Subsection 8.101.04.1, Private treaty sale is generally intended to refer to a sale based on the buyer's acceptance of a price set by the seller. An item or group of items of personal property with a total estimated value of not more than $5000 may be sold to the highest bidder after first obtaining at least two written quotes. An item or group of items of personal property with a total estimated value of greater than $5000 may only be sold after complying with the requirements set forth below for sealed bids or auction as set forth in Subsection 8.101.02.1, Sealed Bid, or Subsection 8.101.03, Auction.
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