Section 0690-01-01-.10 - LIQUIDATION(1) In the event a determination is made to liquidate the State Agency, a liquidation plan shall be prepared in accordance with GSA regulations and shall include:(a) Reasons for the liquidation;(b) A schedule for liquidating the Agency and the estimated date of termination;(c) Method of disposing of surplus property on hand, consistent with the provisions of Section 10144.205;(d) Method of disposing of the Agency's physical and financial assets;(e) Retention of all available books and records of the State Agency for a 2-year period following liquidation.(2) Any liquidation plan will be submitted to GSA and approval received prior to the beginning of any such liquidation.Tenn. Comp. R. & Regs. 0690-01-01-.10
Original Rule filed August 31, 1977.Authority: T.C.A. Sections 4-330(15), 12-333(5A), and 49-808 through 49-810. See also Public Law No. 94-519.