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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 110. State Inventory |
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Subchapter 1. General Provisions |
SECTION 260:110-1-2. Definitions
Latest version.
- The following words or terms, when used in this Chapter, shall have the following meaning unless the context clearly indicates otherwise:"Agency" means a state board, commission, institution, agency, or an institution comprising the Oklahoma State System of Higher Education and the University Hospitals Authority."Agency inventory control officer" means a person an agency appointing authority designates to provide tangible asset information to the Office."Chief administrative officer" means the individual responsible for directing the administration of a state agency. The term does not mean other individuals that make policy for a state agency."Computer application" or "application" means a system that allows electronic data entry, storage and transfer from one computer or system to another."Director" means the Director of the Office of Management and Enterprise Services or his designee."Form" means a document the Director prescribes and requires agencies to use to provide inventory information to the Office."Historical significance" means a tangible asset that has enhanced value due to its relation to past events or circumstances."Inventory" means a detailed list of tangible assets."Inventory tag" or "tag" means a form of unique identification an agency applies to a tangible asset."Office" or "OMES" means the Office of Management and Enterprise Services."State inventory control officer" means a person the Director designates to receive agency tangible asset information."Surplus property" means a tangible asset an agency intends to dispose of pursuant to applicable provisions of law."Tangible assets" mean machinery, implements, tools, furniture, livestock, vehicles and other apparatus that an agency may use repeatedly without material impairment of its physical condition and have a calculable period of service and a value exceeding the reporting threshold the Director of the Office of Management and Enterprise Services establishes for the entity. [74 O.S., Section 110.1(D)]"Threshold" means the dollar amount specified by the Director as the value of tangible assets required to be reported by an agency.