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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 300. Grand River Dam Authority |
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Chapter 15. Surplus Property |
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Subchapter 1. General Provisions |
SECTION 300:15-1-2. Definitions
Latest version.
- The following words and terms when used in this chapter shall have the following meanings, unless the context clearly requires otherwise:"Authority" or "GRDA" means the Grand River Dam Authority."Business entity" means an individual, partnership, business trust, cooperative, association, corporation or any other firm, group or concern which functions as a separate entity for business purposes."Cannibalization" means to take salvageable parts from (as a disabled machine) for use in building or repairing another machine; or to make use of (a part taken from one thing) in building or repairing something else."CEO" means the Chief Executive Officer of the GRDA."OMES" means the Office of Management and Enterprise Services."Proceeds" means funds derived from the sale of surplus property."Public auction" means either a tangible event at a public location or an electronic event which is advertised and made available to the public via the Internet.