South Carolina Code of Regulations
Chapter 19 - STATE BUDGET AND CONTROL BOARD
Article 4 - OFFICE OF GENERAL SERVICES
Section 19-410.5 - Financing and Service Charges
Current through Register Vol. 48, No. 9, September 27, 2024
A. Section 3-9-10, Code of Laws of South Carolina, 1976. Any charges made or fees assessed by the South Carolina Office of General Services for the acquisition, warehousing, distribution or transfer of any property of the United States of America for educational, public health or civil defense purposes, including research for any such purpose which may now be or hereafter become eligible under the act, shall be limited to those reasonably related to the costs of care and handling in respect to its acquisition, receipt, warehousing, distribution or transfer. The State Agency does not receive any appropriated funds from either State or Federal sources.
B. Method of Computing Service Charges.
Service charges shall be fair and equitable as related to the services performed and the direct and indirect cost of operations. In general the charges are related to the following expense factors:
A chart has been prepared for computing service and handling charges by applying percentage factors to acquisition cost in ranges to permit consideration of property conditions, desirability, normal market value, quantity available, etc. (See chart, infra)
C. Minimal Charges.
D. Special Donations.
In cases involving major items of property or otherwise when unusual expenses may be incurred, the State Agency may mutually arbitrate with the donee for a fair and equitable service charge.
E. Evaluation of Service Charges.
The relation of service charges to the total costs of operation will be evaluated on a quarterly basis. The service charges will be revised in accordance with the evaluation results.
F. Funds accumulated from service charges including such funds accumulated from donee service charges before October 17, 1977, or from other sources such as sales or compliance proceeds, will be used to cover direct and indirect costs of the State Agency's operation, to purchase necessary equipment, to rehabilitate donable surplus property, to provide normal upkeep of office and distribution center facilities, to purchase necessary equipment and supplies, to purchase replacement parts for donable property items, to acquire or improve office space or distribution center facilities as authorized in Section 3-9-10 of the South Carolina Code.
G. Capital Reserve Fund.
A reasonable working capital reserve fund will be maintained (the previous year's total overhead expenses) and should this reserve become excessive, a reduction in service charges shall be made to all donees on future transfers.
H. Deposits of Service Charge Funds.
All moneys are deposited with the State Treasurer in a Revolving General Fund and designated by a separate account in accordance with Section 11-14-30 of the South Carolina Code, 1976.
I. Disposition of Funds if Facilities are Sold.
All moneys arising from the sale of facilities shall be paid into the State Treasurer and shall be kept on a separate account by the Treasurer as a fund to be drawn upon the warrant of the Budget and Control Board for the exclusive use and purpose which have been or shall be declared in relation to the General Fund, in accordance with Section 11-9-620 of the South Carolina Code, 1976.
J. Means and Methods of Financing.
|
Chart for Computing Service and Handling Charges |
||
|
(a) |
(b) |
(c) |
|
Percent of A/C |
Acquisition Cost |
Service Charge Range |
|
0-50% |
0-$10 |
0-$5 |
|
0-40% |
$10-$100 |
0-$40 |
|
0-30% |
$100-$200 |
0-$60 |
|
0-25% |
$200-$1500 |
0-$375 |
|
0-10% |
$1500-$5000 |
0-$500 |
|
0- 5% |
$5000-$20,000 |
0-$1000 |
|
0- 3% |
$20,000-$50,000 |
0-$1050 |
|
0- 1% |
$50,000-$100,000 |
0-$1000 |
|
Open |
Over $100,000 |
Negotiable |
Exceptions:
The above schedule will be re-evaluated periodically for comparison of operating expenses with income receipts, at which time the percentage of acquisition cost (Col. a) will be adjusted accordingly.
