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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 260. Office of Management and Enterprise Services |
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Chapter 105. State Surplus Property |
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Subchapter 7. Acquisition of Surplus Property |
SECTION 260:105-7-7. State agency reimbursement
Latest version.
- (a) Payment schedule. Whenever the Office sells vehicles or equipment for a state agency, reimbursement of sales receipts shall be issued to the state agency in the month following the month of sale of the property.(1) Sales receipts shall be accompanied by a report which includes:(A) a description of the item(s) sold;(B) the sale price and the portion of the sale price paid back to the agency.(2) If the sale price of item(s) is lower than cost incurred by State Surplus to sell the item(s), no sales report shall be provided to the state agency.(b) Surplus Property Program fee determination and funds remittance. A reasonable administrative fee shall be charged and retained by the Office from sales receipts for the transfer, sale or salvage of vehicles and equipment.(1) The Office shall retain an administrative fee of ten percent (10%) of the sale price of a vehicle or equipment.(2) The administrative fee shall be deducted from the sale receipts of a vehicle or equipment prior to remittance of sales receipts to a state agency.(3) All administrative fees collected pursuant to this subsection shall be deposited into a revolving fund as specified by statute.