D.C. Mun. Regs. tit. 7, r. 7-1603

Current through Register Vol. 71, No. 43, October 25, 2024

Rule 7-1603 - INVENTORY AND SURPLUS PROPERTY

1603.1

The Board is responsible for its inventory and any surplus property. The Executive Director shall oversee the acquisition, management, utilization, and disposal of Board property.

1603.2

The Board shall maintain an inventory control system to monitor the Board's property. The system shall contain the following information for each item of Board property:

(a) The date of receipt or acquisition of property;

(b) A description of the property, which may include a photograph of the property, including quantity and condition;

(c) The estimated value of the property.

1603.3

The Executive Director is authorized to recycle, donate, sell for scrap, abandon, or destroy Board surplus property upon making a determination that the property has no commercial value, or the estimated cost of its continued care and handling exceeds the property's value to the Board.

D.C. Mun. Regs. tit. 7, r. 7-1603

Notice of Final Rulemaking published at 57 DCR 12594, 12596 (December 31, 2010); amended by Final Rulemaking published at 68 DCR 63 (1/7/2022)

Authority: The District of Columbia Retirement Board (the Board), pursuant to the authority set forth in section 121(i) of the District of Columbia Retirement Reform Act of 1979 ( Pub. L. 96-122, 93 Stat. 866 (Nov. 17, 1979) (codified at D.C. Official Code § 1-711(i) (2001)) (the Reform Act).