North Carolina General Statutes 143-129.7. Purchase with trade-in of apparatus, supplies, materials, and equipment
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Terms Used In North Carolina General Statutes 143-129.7
- Contract: A legal written agreement that becomes binding when signed.
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
Notwithstanding the provisions of Article 12 of Chapter 160A of the N.C. Gen. Stat., municipalities, counties, and other political subdivisions of the State may include in specifications for the purchase of apparatus, supplies, materials, or equipment an opportunity for bidders to purchase as “trade-in” specified personal property owned by the municipality, county, or other political subdivision, and the awarding authority may award a contract for both the purchase of the apparatus, supplies, materials, or equipment and the sale of trade-in property, taking into consideration the amount offered on the trade-in when applying the criteria for award established in this Article. (1997-174, s. 7.)