Periodically, the college has equipment that is no longer useful. Equipment is considered surplus once it has surpassed its useful life. This occurs when equipment is broken, repair costs exceed fifty percent of the value of the item, or the equipment is obsolete.
Replaces: 3357:15-16-10
Ohio Admin. Code 3357:15-16-11
Promulgated Under: 111.15
Statutory Authority: 3357:15
Rule Amplifies: 3357:15
Prior Effective Dates: 10/9/09