Section 0690-02-01-.10 - DISPOSITION OF PROCEEDS(1) The proceeds from the disposal of property under this part shall be remitted to the department releasing such property. The Commissioner shall charge the releasing department a fee to cover the cost of disposition of the property, except where the releasing department is authorized to serve as the agency for disposal. The fees to be charged under the various methods of disposal are to be set by the Commissioner of the Department of General Services and approved by the Board of Standards.(a) Rates for service fees and handling charges shall be reviewed at the beginning of each fiscal year, or at any other time during the year, and adjusted when necessary, and shall be approved by the Board of Standards. The rates shall be published by the Commissioner of General Services.(b) Proceeds above the established rates shall be remitted to the agency declaring the item surplus. The distribution of proceeds shall be on an item basis, not on an item average for the total sale.(2) When the Department of General Services is requested by the generating agency to dispose of personal property with diminished or no economic value, the generating agency is responsible for the direct costs (in excess of realized revenues) incurred by the State Personal Property Utilization Division associated with removal and disposal of the following:(a) personal property which has been determined to have no economic salvage value;(b) hazardous personal property, waste products, and/or refuse; and(c) personal property which has lost usefulness or has diminished in economic value as a result of improper storage.Tenn. Comp. R. & Regs. 0690-02-01-.10
Original rule filed April 20, 1978; effective July 14, 1978. Amendments filed August 28, 1980; effective December 1, 1980. Amendment filed December 9, 1991; effective March 30, 1991. Amendment filed August 4, 1992; effective November 29,1992.Authority: T.C.A. § 12-2-411.