Relaxed rules on idle govt assets’ sale sought

THE Commission on Audit’s (CoA) rules on disposing idle government assets must be relaxed to allow state agencies to sell serviceable properties, Finance Secretary Carlos Dominguez 3rd said.

In a statement, the Department of Finance (DoF) quoted Dominguez as saying that CoA Circular 89-296, which required such assets to be sold at their appraised values, had hampered, rather than facilitated, government efforts to dispose them.