Oklahoma Administrative Code
Title 260 - Office of Management and Enterprise Services
Chapter 100 - Oklahoma State Government Asset Reduction and Cost Savings Program
Section 260:100-1-2 - Definitions

Universal Citation: OK Admin Code 260:100-1-2
Current through Vol. 41, No. 13, March 15, 2024

The following words or terms, when used in this chapter, shall have the following meaning unless the context clearly indicates otherwise:

"Administrator" means the Administrator of the Office of Management and Enterprise Services.

"Agency" means any state agency, board, commission or public trust having the State of Oklahoma as a beneficiary.

"Appraisal" means the practice of developing and reporting an opinion of the value of real property in conformance with the Uniform Standards of Professional Appraisal Practice as promulgated by the Appraisal Standards Board of the Appraisal Foundation.

"Data.ok.gov website" means Oklahoma's official website that allows users to download state files for analysis.

"Forms" means documents the Administrator of the Department of Central Services prescribes and requires state agencies, boards, commissions, public trusts to use to provide information to DCS.

"Real Property" means land, and generally whatever is erected growing upon or affixed to land; also rights issuing out of, annexed to, an exercising in or about land.

"Real Property Inventory" means a comprehensive list of property submitted by the state agencies, boards, commissions, and public trusts listing all real property owned, the value of the property and any underutilized property.

"State-owned properties" means all property lawfully appropriated by the state to its own use; all property dedicated to the state and all property which there is no other owner.

"Underutilized property" means an entire property or portion thereof, with or without improvements, which is used only at irregular periods or intermittently by the accountable landholding agency for current program purposes of that agency, or which is used for current program purposes that can be satisfied with only a portion of the property. Underutilized property may include: Undeveloped land; office buildings; warehouses; commercial and industrial facilities; military holdings; and residences.

Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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