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GOVERNMENT TRAINING INSTITUTE - ASSET TRADING PROGRAM


ASSET TRADING PROGRAM - AGENCY BRIEF

GTI has created a new Asset Trading Program to benefit underfunded law enforcement agencies by utilizing their forfeited-seized assets, and surplus law enforcement equipment to provide funds for:

  • GTI'S DHS APPROVED SWAT TRAINING COURSES
  • GTI'S DHS APPROVED ACTIVE SHOOTER RESPONSE TRAINING
  • GTI'S CUSTOM RESCUE TASK FORCE TRAINING
  • GTI'S BASIC AND ADVANCED SNIPER TRAINING
  • ALL OTHER TRAINING OFFERED AT WWW.GTITRAINING.ORG
  • USE OF GTI'S ONE OF A KIND TRAINING FACILITY
  • YOUR AGENCY PURCHASES OF EQUIPMENT AND SUPPLIES
  • YOUR AGENCY PURCHASES OF SPECIALITY VEHICLES AND PATROL VEHILCES
  • WORK WITH YOUR SELECTED MANUFACTURER ON REPURCHASE ITEMS

Use your agencies surplus vehicles, ammo, weapons, confiscated items, and forfeited-seized assets to fund your critical mission. This Asset Trading Program is designed to assist first responders in having a positive impact on their communities without using money from strained budgets.

Benefits to the agency include:

  • The agency gets the benefit of the asset sale. No funds from asset trade end up in the jurisdiction "general" fund unless desired.
  • Trading assets in the Asset Trade Program have no impact on agency budget.
  • Helps accomplish agency goals without procurement hassles.
  • Removes the liability of ownership for some assets such as theft, personal injury or property damage.
  • Frees up budget funds for other projects.
  • Cleans up storage areas and parking lots of underused or unused items.

How it works--

  1. Identify your agency's needs.
  2. Identify items that are available for trade.
  3. Estimate the cost of items to be traded.
  4. Specify the purpose of the trade - Training or Equipment.
  5. GTI then assesses the trade value for items to be traded.
  6. An agreement is made and contracted between your agency and GTI.
  7. The traded item(s) are transferred to GTI. Your agency provides titles, when needed, and Bills of Sale.
  8. GTI training or the desired equipment is then delivered to your agency.

If the Asset Trading Program is a funding option of interest, please contact GTI via email: ATP@gtitraining.org or by phone 803-259-1935 to discuss further.

ASSET TRADING PROGRAM - VENDOR BRIEF

Vendors may also utilize the Asset Trading Program to assist funding transactions with agencies that involve their specific products. If an agency desires the vendor's product but needs additional resources to acquire those assets, then the vendor can register with GTI and take advantage of the Asset Trading Program. GTI will assess the available agency assets and assign a purchase value. If the value is agreed to then GTI will purchase the products from the vendor and supply them to the agency via asset transfer. Simple as that!

Vendors must first register with GTI to be involved with the Asset Trading Program. There is no cost associated with registration nor does it bind the vendor to run any transactions through the Asset Trading Program.

ASSET TRADING PROGRAM - ADDITIONAL DOCUMENTATION

Listed below are various forms utilized in the Asset Trading Program. The Agency and Vendor Briefs offer additional details about the program. The Agency and Vendor Trade Agreements are documents that need to be reviewed and signed by authorized parties in order to initiate an asset trade. The inspection forms are utilized, based on the asset(s) that are being traded to document and assess the value of the asset(s).