Oklahoma Administrative Code
Title 260 - Office of Management and Enterprise Services
Chapter 105 - State Surplus Property
Subchapter 7 - Acquisition of Surplus Property
Section 260:105-7-5 - Payment provisions
Current through Vol. 41, No. 13, March 15, 2024
(a) General requirements for purchases. Payment made by the public shall be at the time of purchase and prior to removal of the property purchased. Payment for purchases by state subdivisions shall be within 45 days following the purchase and removal of the property. The following provisions apply to all sale transactions prior to the release of property by an agent:
(b) Form of payment from non-governmental entities and general public. Payment may be in the form of certified funds, business check, money order, cashier's check or credit card approved for use by the Office.
(c) Payment refunds. All payments received for the purchase of surplus property are nonrefundable.
(d) Cash. Cash for exact purchase amounts may be accepted at a public auction.