§ 102-38.60 Public notice and advertising.

(a) You must provide public notice of your sale of personal property to permit full and free competition. Public notice should be made far enough in advance of the sale to ensure adequate notice, and to target your advertising efforts toward the market that will provide the best return at the lowest cost. Public advertising is considered an announcement of the sale using any media that reaches the public and is appropriate to the type and value of personal property to be sold. You may also distribute mailings or flyers of your offer to sell to prospective purchasers on mailing lists.

(b) The public notice must include information necessary for potential buyers to participate in the sale, such as:

(1) Date, time and location of sale;

(2) General categories of property being offered for sale;

(3) Inspection period;

(4) Method of sale (

i.e.,

spot bid, sealed bid, auction);

(5) Selling agency; and

(6) Who to contact for additional information.