Section 2895. Definitions

For  the  purposes  of  this  title,  unless a
  different meaning is required by the context:
    1. "Contracting officer" shall mean  the  officer  or  employee  of  a
  public  authority  who  shall be appointed by resolution of the board of
  the public authority to be responsible for the disposition of property.
    2. "Dispose" or "disposal" shall mean transfer of title or  any  other
  beneficial  interest  in  personal  or  real property in accordance with
  section twenty-eight hundred ninety-seven of this title.
    3. "Property" shall mean personal property in excess of five  thousand
  dollars  in  value, real property, and any inchoate or other interest in
  such property, to the extent that  such  interest  may  be  conveyed  to
  another person for any purpose, excluding an interest securing a loan or
  other financial obligation of another party.