(1) The board of county commissioners shall have the power to sell directly to the school district, without the necessity of a public auction, any personal property, however acquired, that belongs to the county and that is not necessary to the conduct of the county's business or the preservation of its property, for its appraised value, which must represent a fair market value of the property.
(2) If the property to be sold to the school district is reasonably of a value in excess of $2,500, notice of the sale must be given by publication as provided in 7-1-2121.