Okla. Admin. Code § 260:105-5-1

Current through Vol. 42, No. 6, December 2, 2024

Section 260:105-5-1 - Methods of disposal of surplus property

(a) The method of disposal of surplus property must be approved by the Administrator in accordance with 260:105-3-1(d) prior to disposal of state property by a state agency.

(b) Methods of disposal of surplus property are:

(1)Transfer to a state agency or authorized entity. Property is transferred to another state agency or authorized entity with or without charge as mutually agreed by both parties.

(2)Sealed bid. Property is sold by sealed bid in accordance with 74 O.S., §85.1 et seq. and Subchapter 15 of this chapter by the state agency.

(3)Public auction.

(A)State Agency. Property is sold at a public auction coordinated by the state agency, if authorized by statute.

(B)Surplus Property Program. Property is sold at a public auction coordinated by a surplus property agent in accordance with the rules of this Chapter.

(4)Scrap metal. Property is sold as scrap metal.

(5)Trade-in. Property is exchanged as trade-in for replacement equipment by a state agency.

(6)Transfer to Office for disposal by a surplus property agent. Agent disposes of surplus property, with the exception of vehicles and equipment, by any method listed in this subsection with no remuneration to the state agency.

(7)Disposal by other means. Property is disposed of by other specified means which are deemed to be in the best interest of the state at the request of the state agency.

(c) An agency which is approved to dispose of state property shall be responsible for the removal of such property from the agency's official inventory records and submitting notification to the Risk Management Division of the Office, whenever applicable.

Okla. Admin. Code § 260:105-5-1

Adopted by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014