(1) Property that has
become the property of the department under regulation 95(4) may, at the
discretion of the principal of the school at which the property was lost,
discarded or disused, be —
(a)
sold; or
(b)
given away; or
(c)
destroyed or otherwise disposed of.
(2) Subject to any
direction of the chief executive officer under section 232, the principal
of the school at which property was lost, discarded or disused is to cause the
net proceeds of the sale of the property under subregulation (1)(a) to be
paid into the school’s school fund.