R2-15-309. Surplus Materials Revolving Funds

A. The Surplus Property Administrator may, after a determination that a portion of the monies in the state surplus materials revolving fund is uncommitted for a period of three months, authorize the State Treasurer to deposit that portion of the monies in a government-insured depository institution offering a rate of return with maturity of 13 months or less from the Page 4 Supp. 22-4 December 31, 2022 date of purchase. All interest earned shall be credited to the revolving fund. B. The federal surplus materials revolving fund shall be maintained in accordance with the state plan of operation.