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006.27.3-R1:19-11-243. Allocation of proceeds from sale or disposal of surplus commodities.

AR ADC 006.27.3-R1:19-11-243Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 27. Office of State Procurement (Refs & Annos)
Rule 3. Procurement Rules
Ark. Admin. Code 006.27.3-R1:19-11-243
006.27.3-R1:19-11-243. Allocation of proceeds from sale or disposal of surplus commodities.
(a) Using Agency. The allocation of proceeds from the sale, lease, or disposal of surplus commodities, and proceeds from an insurance policy for loss of property because of fire, storm or other causes, less appropriate fees, will be made and deposited to the using agency which had possession of the commodity. Such allocations and deposits will be made at the sooner of when the using agency's account balance has reached at least fifty dollars ($50.00) or the end of each fiscal year.
(b) Fee Schedule. The Office of State Procurement will develop a fee schedule to defray the costs of the commodity management program. The fee schedule will set forth various charges for services rendered.

Credits

Adopted Jan. 1, 1999.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.27.3-R1:19-11-243, AR ADC 006.27.3-R1:19-11-243
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