South Carolina Code of Regulations
Chapter 19 - STATE BUDGET AND CONTROL BOARD
Article 4 - OFFICE OF GENERAL SERVICES
Section 19-410.14 - Liquidation
Universal Citation: SC Code Regs 19-410.14
Current through Register Vol. 48, No. 9, September 27, 2024
A.
(1) Preparation of Plan
(a) In the event of, or at the time a
determination has been made by State officials to liquidate the State Agency, a
liquidation plan shall be prepared in accordance with FPMR
101-44.202(c)(14).
(2)
The Plan Will Include:
(a) Reasons for
Liquidation.
(b) Schedule and
estimated date of termination.
(c)
Method of disposal of surplus property on hand, consistent with the provisions
of FPMR 101-44.205.
(d) Method of
disposal of any agency physical and financial assets.
(e) Retention of books and records for a two
year period following liquidation.
(3) Such plan will be submitted to the
General Services Administration and approval secured prior to the beginning of
the liquidation.
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