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§ 4-501. Definitions

West's Annotated Code of MarylandState Finance and Procurement

West's Annotated Code of Maryland
State Finance and Procurement
Division I. State Finance [Titles 1-10a] (Refs & Annos)
Title 4. Department of General Services (Refs & Annos)
Subtitle 5. Excess and Surplus Property (Refs & Annos)
MD Code, State Finance and Procurement, § 4-501
§ 4-501. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Excess personal property
(b) “Excess personal property” means an item of personal property that is declared to be in excess of the needs of the custodial unit of the State government because the item:
(1) is not necessary to the efficient operation of the unit; or
(2) has been replaced by a similar item.
Nonexpendable item
(c) “Nonexpendable item” means an item of equipment or furnishing that has:
(1) an anticipated useful life of more than 1 year; and
(2) an original cost exceeding a minimum dollar amount established by the Department by regulation.
Surplus personal property
(d) “Surplus personal property” means an item of excess personal property that the Department declares is not needed by any unit of the State government.

Credits

Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 2005, c. 513, § 1, eff. Oct. 1, 2005.
Formerly Art. 41, § 232.
MD Code, State Finance and Procurement, § 4-501, MD STATE FIN & PROC § 4-501
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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