Tuesday, June 1

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Federal surplus property sale exceeds $260,000

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[JUNE 1, 2004]  SPRINGFIELD -- More than 240 bidders from Illinois, other states across the Midwest and as far away as New Jersey competed for nearly 300 federal surplus items, including heavy-duty off-road equipment, vehicles, generators and other surplus material sold at public auction last week from the Central Management Services facility in Springfield.

"A Fiat-Allis scoop loader was the highest bid item of the day, selling for $12,000," said Michael Rumman, director of the Illinois Department of Central Management Services.

"CMS federal surplus property acquires millions of dollars of excess property from the federal government and redistributes these assets throughout the year to Illinois local governments, school districts, and not-for-profit educational and health service organizations," Rumman said. "At a time when local governments, school districts and other not-for-profit organizations are struggling to meet financial obligations, the federal surplus property program allows these organizations to stretch their dollars by acquiring excess and used property at 10-25 percent of original cost."

Proceeds from the sale will be shared between the U.S. General Services Administration and the state of Illinois. For more information about the federal surplus program, go to http://www.state.il.us/cm.

[Illinois Department of Central Management Services
news release]

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