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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 95. Real Estate and Leasing |
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Subchapter 3. Real Property Disposal |
SECTION 260:95-3-4. Agency responsibilities after a property is declared surplus
Latest version.
- (a) Ownership does not transfer to the Office of Management and Enterprise Services when a property is declared surplus. After a property is declared surplus, the owning agency shall continue to be responsible for all maintenance and expenses associated with the property until the property is conveyed to a new owner. In cases where the owner of the property is the State of Oklahoma, and no specific agency is given ownership through deed or statute, the agency that was financially responsible for the maintenance of the property at the time the property was declared surplus shall be considered the owning agency and will continue to be responsible for the property until title is conveyed to a new owner or use and enjoyment is transferred to a new state agency.(b) The owning agency shall be responsible for all necessary costs associated with continued ownership of the property and expenses related to the sale of the property. These include, but are not limited to:(1) All continued maintenance of the property, including repairs requested by Real Estate and Leasing Services;(2) Utilities serving the property;(3) Continued asset protection;(4) Mowing and/or landscaping;(5) Clean-up of the property;(6) Removal of all agency personal property and surplus personal property;(7) Any required appraisals;(8) Any required surveys;(9) Any required title research;(10) Any required studies or assessments;(11) Costs of notices and advertising;(12) Seller's closing costs; and(13) Any miscellaneous expenses associated with the continued ownership or sale of the property.(c) Agencies may be reimbursed for pre-approved expenses associated with the sale at the time of closing. Reimbursements require prior approval by Real Estate and Leasing Services. Real Estate and Leasing Services has final authority in determining if an expense is eligible for reimbursement.