Oklahoma Administrative Code
Title 752 - University Hospitals Authority
Chapter 11 - Acquisitions and Construction
Subchapter 15 - Inventory and Surplus Property
Section 752:11-15-3 - Surplus property
Current through Vol. 41, No. 13, March 15, 2024
(a) The Authority shall maintain a current list of all surplus property held and disposed of. Such list shall include the location where surplus property
(b) The Authority may determine that its items, commodities, materials, supplies, equipment, or other like tangible assets are surplus when they:
(c) Assets may not be designated as surplus without the prior approval of the inventory control officer.
(d) While the Authority is exempt from the Surplus Property Act, it may nevertheless dispose of property in any manner set forth in the Act and may coordinate with OMES for disposal of surplus property. Other methods of disposal of surplus property are:
(e) Donations of Authority property to private individuals or Authority employees is strictly prohibited. The sale of Authority property to its employees must be at announced public sales or auctions and cannot be made through sealed bid.
(f) Payment by state entities shall be within forty-five (45) days of purchase and removal. Payment by other than state entities shall be at the time of purchase and prior to removal of property. Payment by state entities shall be by a state-approved purchase card. Payment by other than state entities may be in the form of certified funds, business check, money order, or cashier's check, except that a business check will not be accepted for an amount in excess of $2500. A private business shall provide a business tax identification number. Sales tax shall be collected unless a tax-exempt certificate is presented. Not-for-profit, non-governmental entities shall provide a copy of the letter issued by the Internal Revenue Service granting its tax-exempt status. All payments received for the purchase of surplus property are nonrefundable.
(g) All surplus property, vehicles, and equipment are sold "as is" and are nonreturnable.