R2-15-310

R2-15-310. Allocation of Proceeds from Sale or Disposal of

Last amended: 2004Length: 221 wordsOfficial source

Cite as Ariz. Admin. Code § R2-15-310

Excess or Surplus Materials A. Except as provided in other law, subsection (B), or subsection (C), the Surplus Property Administrator shall ensure that proceeds from the disposition of excess or surplus materials are retained by the Surplus Property Office. B. Except the Department of Public Safety, under A.R.S. § 41- 1713(B)(6), the Surplus Property Office shall not reimburse a state government unit for transfer or sale of materials if the unit originally purchased the materials with General Fund monies. C. The Surplus Property Administrator shall reimburse proceeds from the disposition of materials originally purchased with special fund monies, such as revolving, dedicated, or federal funds, less the Surplus Property Office’s fee, for the material’s transfer or sale, according to the following schedule. The Surplus Property Administrator shall: 1. For direct transfer of state excess or surplus materials, collect the fee required in R2-15-308(A) and reimburse the balance of the sale proceeds to the transferring agency; or 2. For non-direct transfer or sale of state excess or surplus materials: a. Reimburse nothing if the sale proceeds for an item are less than or equal to $50.00; or b. Reimburse at a rate of not less than 70% of the sale proceeds for an item that sells for a price greater than $50.00; and 3. Reimburse sale proceeds after the sale is completed.
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