La. Admin. Code tit. 34 § IX-2701

Current through Register Vol. 50, No. 11, November 20, 2024

Section IX-2701 - Procedures and Time Frame

A. In the event of liquidation, or at the time determination has been made by state officials to liquidate the program, a liquidation plan will be prepared in accordance with FPMR 101-44.201.c.14.

B. The liquidation plan shall include:

1. reasons for liquidation;

2. schedule and estimated date of termination;

3. method of disposal of surplus property on hand, consistent with the provisions of FPMR 101.44.205;

4. method of disposal of agency's physical and financial assets;

5. retention of books and records for a five-year period following liquidation.

C. Such plan will be submitted to GSA and its approval secured prior to the beginning of liquidation.

La. Admin. Code tit. 34, § IX-2701

Promulgated by the Office of the Governor, Division of Administration, Federal Property Assistance Agency, LR 3:419 (October 1977), amended LR 9:845 (December 1983), amended by the Office of the Governor, Division of Administration, Property Assistance Agency, LR 24:38 (January 1998).

AUTHORITY NOTE: Promulgated in accordance with 41 CFR 101-44 and P.L. 94-519.