R33-126-205. Related Party Transactions

(1) The division has a duty to the public to ensure that state-owned surplus property is disposed of in accordance with Title 63A, Chapter 2, Division of Purchasing and General Services. A conflict of interest may exist or appear to exist when a related party attempts to purchase a state-owned surplus property item. (2) A related party is defined as someone who may fit into any of the following categories pertaining to the State-owned surplus property item in question: (a) has purchasing authority; (b) has maintenance authority; (c) has disposition or signature authority; (d) has authority regarding the disposal price; (e) has access to restricted information; and (f) may be perceived to be a related party using other criteria which may prohibit independence.