POLICY 08:09:01

LOST AND FOUND

This policy is consistent with TBR Guideline B-115 Uniform Disposition of UnclaimedProperty, Section IX. Disposition of Non-Cash Items (Lost and Found)

Purpose

The purpose of the following guideline is to outline provisions for consistentprocedures for complying with Tennessee’s Uniform Disposition of Property Act,T.C.A. § 66-21-101 et seq. and Regulations 1700-2-1-.01 through 1700-2-1-37, at Pellissippi State Community College governed by the Tennessee Board of Regents. The policy is intended to serve as a reference document for institutional staff responsible for processing and disposing of lost and found property.

Policy

1. General Requirement
   1. Pellissippi State Community College is subject to the state of Tennessee’sUniform Disposition of Unclaimed Property Act when the last known address of the owner is in Tennessee, in a foreign country, or is unknown, in accordance with the Unclaimed Property Law, T.C.A. § 66-21-101 et seq. and Regulations 1700-2-1-.01 through 1700-2-1-37.
   2. This act requires institutions to exercise due diligence in attempting to locate owners of unclaimed property in its custody and to annually report certain unclaimed property to the state.
   3. The state of Tennessee accepts unclaimed property for which the owner’s last known address is in another state or commonwealth of the U.S.
2. Disposition of Non-Cash Items (Lost and Found)
   1. Abandoned non-cash items may be:
      1. Sold at a public auction or by sealed bids in accordance with TBRPolicy No. 4:02:20:00 Disposal of Surplus Personal Property;
      2. Donated to a local charity (if not purchased through a public sale);or
      3. Discarded or destroyed if not valuable.
   2. The following provisions apply to certain types of valuable non-cash property:
      1. Jewelry, Electronic & Mechanical Items must be appraised and a minimum sales price established.
         1. If appraised at little or no value, the item should be discarded.
         2. Where appraised to have reasonable market value, these items shall be disposed of pursuant to TBR Policy No. 4:02:20:00 Disposal of Surplus Personal Property.
      2. Coins that appear to have a market value substantially higher than face value should be appraised and a minimum sales price set.
         1. These items shall be disposed of pursuant to TBR Policy No. 4:02:20:00 Disposal of Surplus Personal Property.
      3. Firearms should be disposed of in accordance with local statutes.
      4. Dangerous items (items of a combustible nature that are dangerous to store) should be safely disposed of as soon as possible.
      5. Illegal items should be disposed of in accordance with instructionsfrom the proper legal authorities.
   3. All lost and found articles will be received by the Hardin Valley Campus Police office in the Alexander Building room 108. Lost and found items will be retained at branch campuses and sent to the Hardin Valley Campus Police office if not claimed within 7 days.
   4. When a person claims ownership of a lost article, proper identification is required and recorded on Form PS-26. Should any question arise as to ownership or identity, the Chief of Police is to be notified prior to the article’s release. Anyone claiming ownership of a lost article is required to provide a detailed description of the article prior to taking possession of it.

Approved: Executive Council, March 4, 1991
Approved: President Allen G. Edwards, September 9, 1997
Approved: President Allen G. Edwards, October 9, 2001
Approved: President Allen G. Edwards, August 5, 2002
Reviewed/Recommended: President’s Staff, March 26, 2007
Approved: President Allen G. Edwards, March 26, 2007
Editorial Changes, April 30, 2009, July 1, 2009
Reviewed/Recommended: President’s Council, April 30, 2012
Approved: President L. Anthony Wise, Jr., April 30, 2012
Reviewed/Recommended: President’s Council, March 4, 2019
Approved: President L. Anthony Wise Jr., March 4, 2019
Reviewed/Recommended: College Council, January 27, 2025
Approved: President L. Anthony Wise, Jr., January 27, 2025