S.C. Code Regs. § § 19-410.14
Current through Register Vol. 48, No. 11, November 22, 2024
Section 19-410.14 - LiquidationA.(1) Preparation of Plan (a) In the event of, or at the time a determination has been made by State officials to liquidate the State Agency, a liquidation plan shall be prepared in accordance with FPMR 101-44.202(c)(14).(2) The Plan Will Include: (a) Reasons for Liquidation.(b) Schedule and estimated date of termination.(c) Method of disposal of surplus property on hand, consistent with the provisions of FPMR 101-44.205.(d) Method of disposal of any agency physical and financial assets.(e) Retention of books and records for a two year period following liquidation.(3) Such plan will be submitted to the General Services Administration and approval secured prior to the beginning of the liquidation.S.C. Code Regs. § 19-410.14