Allows for the donation of personal property of the state to certain not-for-profit organizations

This bill allows state agencies to donate personal property, excluding vehicles, to eligible not-for-profit organizations that are current with their annual filings. Under the new rules, agency heads can give away items with a low fair market value if they determine it serves the state's best interest, provided the recipient organization is a recognized 501(c)(3) entity. The legislation also requires agencies to keep records of all property dispositions for audit purposes and mandates that any money earned from selling or transferring such items be deposited into the state's general fund.