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SPA Process User’s Guide – Chapter 2 – General Policies


Trade-in: one asset is acquired by the exchange of another asset. See Chapter 1 for the accounting treatment of exchanges of similar or dissimilar assets.


A state agency may offer surplus or salvage property as a trade-in on new property of the same general type if the exchange is in the best interest of the state.

The vendor must be selected through competitive bidding and the equipment must be listed as a separate item on the invitation for bid, request for proposal or request for offer.

Glenn Hegar
Texas Comptroller of Public Accounts
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