Funds generated from the sale of agency surplus computer and electronic equipment to state employees, public schools, or by other sale shall be allocated as follows:
(1) If the sale of surplus computer or electronic equipment is made within the agency:
(A) Sixty percent (60%) of the proceeds shall be returned to the owning agency;
(B) Fifteen percent (15%) of the proceeds shall be deposited with the Marketing and Redistribution Section of the Office of State Procurement of the Department of Finance and Administration; and
(C) Twenty-five percent (25%) of the proceeds shall be deposited in the Computer and Electronic Recycling Fund established by this chapter;
(2) If the sale of surplus computer or electronic equipment is outside the agency and conducted by the Marketing and Redistribution Section:
(A) Fifty percent (50%) of the proceeds shall be returned to the owning agency;
(B) Twenty-five percent (25%) of the proceeds shall be deposited with the Marketing and Redistribution Section; and
(C) Twenty-five percent (25%) of the proceeds shall be deposited in the Computer and Electronic Recycling Fund established by this chapter and ยง 19-5-1217.
Section: Previous 25-34-102 25-34-103 25-34-104 25-34-105 25-34-106 25-34-107 25-34-108 25-34-109 25-34-110 25-34-111 NextLast modified: November 15, 2016