Home Table of Contents

§ 62.4. Sale of surplus property--Disposition of proceeds--Discard or transfer--Disposal for a ...

Oklahoma Statutes AnnotatedTitle 74. State Government

Oklahoma Statutes Annotated
Title 74. State Government (Refs & Annos)
Chapter 4. Department of Central Services
Oklahoma Surplus Property Act
74 Okl.St.Ann. § 62.4
§ 62.4. Sale of surplus property--Disposition of proceeds--Discard or transfer--Disposal for a state agency
A. Pursuant to rules promulgated by the Director of Central Services, proceeds from the sale of the surplus property shall be credited to a special cash fund created by Section 62.5 of this title.
B. Any surplus property determined by a state agency to have minimal or no value may be discarded or transferred to the Department pursuant to rules the Director promulgates.
C. If the Department disposes of a vehicle or equipment pursuant to the Oklahoma Surplus Property Act for a state agency, the Department shall remit the proceeds from the sale, less a reasonable fee imposed by the Department for handling and disposition, to the state agency.
D. The Director may expend proceeds accruing to the Department within the special cash fund created by Section 62.5 of this title to defray operating expenses for the State Surplus Property program and expenses the Department incurs to support program operations.

Credits

Laws 1959, p. 353, § 9, eff. July 1, 1959; Laws 1963, c. 267, § 1, emerg. eff. June 13, 1963. Renumbered from Title 74, § 85.9 and amended by Laws 1995, c. 342, §§ 4, 9, emerg. eff. June 9, 1995. Laws 2000, c. 218, § 3, eff. Nov. 1, 2000; Laws 2003, c. 372, § 2, eff. July 1, 2003.
74 Okl. St. Ann. § 62.4, OK ST T. 74 § 62.4
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document