41-2606. Surplus materials revolving funds
165 words·~1 min read·
/az/title-41/41-2606A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The state surplus materials revolving fund is established. All monies coming into the department derived from state surplus materials fees and charges shall be placed in the state surplus materials revolving fund. All uncommitted monies in the state surplus materials revolving fund in excess of one hundred thousand dollars at the close of any fiscal year revert to the state general fund.
B. The federal surplus materials revolving fund is established. All monies coming into the department derived from federal surplus materials shall be placed in the federal surplus materials revolving fund. All uncommitted monies in the federal surplus materials revolving fund in excess of fifty thousand dollars at the close of any fiscal year shall be returned to agencies and institutions through discounted service and handling charges to eligible donees in the following fiscal year until the surplus is depleted.
C. Monies in the funds shall be available, subject to legislative appropriation, for the purpose of carrying out the provisions of this article.