Auction begins Oct. 14 and closes Oct. 22
FRANKFORT, Ky. (Sept. 30, 2024) – As part of ongoing efforts to make state government operations more cost-effective and efficient, the Finance and Administration Cabinet’s Division of Surplus Properties (DSP) will host an online auction of heavy equipment no longer in use by the Kentucky Transportation Cabinet’s (KYTC) Division of Equipment. The auction will begin Monday, Oct. 14 at 8 a.m. EDT, and close on Tuesday, Oct. 22 at 10 a.m. EDT.
This year’s annual public auction will again be conducted online. Inspection of auction items may be conducted onsite from 8 a.m. to 3 p.m., Oct. 14-15 without an appointment. All items are located at the KYTC Division of Equipment, 1239 Wilkinson Blvd., Frankfort, Ky.
“Through this auction, we are making sure this equipment continues to serve Kentuckians in a new way,” 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 we can use taxpayer dollars more efficiently.”
Heavy duty trucks, snowplows, tractors, mowers, assorted parts and equipment are just a few of the pieces presented for public purchase. To view items, register to bid and read the auction terms and conditions, visit here.
Proceeds from the sale will go to support projects at KYTC and DSP. In 2023, the surplus heavy equipment auction generated more than $2.2 million in revenue.
“The annual surplus equipment auction is an effective way to repurpose used vehicles and equipment by giving them a second life with private citizens,” Kentucky Transportation Cabinet Secretary Jim Gray said. “A portion of the revenue generated feeds back into our equipment program to purchase new equipment used to deliver valuable transportation services across the commonwealth.”
A 7% buyer’s premium will be added to all final bids. Payments must be received by DSP before close of business on Oct. 25, 2024. 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. 28, through Friday, Nov. 1. The pickup schedule will be provided along with invoices for payment. No property will be released without a stamped, paid invoice from DSP.
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. DSP 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 website to learn more about the surplus property program and to sign up for notification of future sales.
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