Property disposal.
Section 24
SEC. 24. Property disposal.—When property of any local government unit has become unserviceable for any cause, or, is no longer needed, it shall, upon application of the officer accountable therefor, be inspected and appraised by the Provincial or City Auditor or any of his duly authorized representative or that of the Commission on Audit, and if found, valueless or unsaleable, shall be destroyed in the presence of the inspecting officer. If found valuable, the same shall be sold at public auction to the highest bidder under the supervision of the Committee on Award and in the presence of the Provincial or City Auditor or his duly authorized representatives. Notice of the public auction shall be posted in at least three conspicuous places and if the acquisition cost exceeds ten thousand pesos in the case of provinces, pub-provinces and cities, and five thousand pesos in the case of municipalities, notice of auction shall be published at least three times within a reasonable period in a newspaper of general circulation in the locality.