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State Surplus Auction begins Oct 16 and closes Oct 25

From Kinsey Morrison

Frankfort, KY - In an ongoing effort to make state government operations more cost-effective and efficient, the Finance and Administration Cabinet's Division of Surplus Properties will host an online auction of surplus heavy equipment no longer in use by the Kentucky Transportation Cabinet (KYTC). The auction begins on October 16, 2023, and closes October 25, 2023.

This year's annual public auction will again be conducted exclusively online. Inspection of auction items may be conducted on-site from 8amET to 3pmET on October 16-17, 2023, without an appointment. All items are located at the KYTC Division of Equipment, 1239 Wilkinson Blvd., Frankfort, Ky. Click here to see some of the items available for purchase:

"Through this auction, we are ensuring taxpayer dollars are used as effectively as possible," said Finance and Administration Cabinet Secretary Holly M. Johnson. "This process allows eligible nonprofits and government agencies to purchase equipment the state no longer needs, so it can be used in a new way to benefit Kentuckians."

Heavy-duty trucks, snowplows, tractors, mowers, assorted parts and equipment are just a few of the more than 600 pieces presented for public purchase. To view items, register to bid, and read the auction terms and conditions, visit the auction website. Proceeds from the sale will go to support projects at KYTC and the Division of Surplus Properties. In 2022, the surplus heavy equipment auction generated more than $3 million in revenue.

"With more than 600 pieces of equipment for sale, this annual event is an efficient way to recycle vehicles and parts while putting taxpayer dollars back to work to purchase new equipment that will keep our transportation system safe and well-maintained," Kentucky Transportation Cabinet Secretary Jim Gray said.

A seven percent buyer's premium will be added to all final bids. Payments must be received by the Kentucky Division of Surplus Properties before end of business on Oct. 27, 2023. No payment extensions will be granted, and all sales are final.

The shipping and removal of purchased items is the sole responsibility of the buyer. Property may be picked up beginning Monday, Oct. 30, through Friday, Nov. 3. The pick-up schedule will be provided along with invoices for payment. No property will be released without a stamped, paid invoice from the Kentucky Division of Surplus Properties.

The state surplus property program disposes of excess federal and state government surplus property in the best interest of the Commonwealth of Kentucky and its citizens in the most cost-efficient manner possible. The program seeks to promote and facilitate the sustainable reuse of surplus property by state and local governments and qualifying nonprofit entities. The Division of Surplus Properties is self-sustaining, and its operations are solely funded by revenues generated by the surplus property program. The division receives no General Fund appropriations.

Visit the Division of Surplus Properties to learn more about the surplus property program and to sign up for notification of future sales.

This story was posted on 2023-10-12 12:11:37
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