SECTION 300:15-1-1. Purpose

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This chapter provides general information and provisions pertaining to the transfer, disposal and acquisition of Grand River Dam Authority surplus property. Pursuant to 82 O.S. § 862.1 (6), the Grand River Dam Authority is exempt from the provisions of the Oklahoma Surplus Property Act. These rules are promulgated to ensure that the Authority's surplus property is disposed of at fair market value, in an independent and ethical manner, and that the property or the value of the property has not been misrepresented.

[Source: Added at 23 Ok Reg 1321, eff 5-25-06; Amended at 37 Ok Reg 1350, eff 9-11-20]

                    
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