SECTION 126.2. Delegation of Authority to State Agencies

(a) Criteria used to delegate authority to a state agency demonstrating cost savings to the state may include, but is not limited to the following:

(1) information about the property such as age, condition, limited use, size, volume, expected return and location; and

(2) information about the state agency related to its ability to handle property transactions such as adequacy of staffing, recordkeeping and reporting practices, location, and specific knowledge about the property.

(b) A state agency that is delegated authority under this section shall follow all statutes and administrative rules governing the Commission concerning surplus and salvage property at the time the delegation is granted and shall provide a report of the proceeds to the Commission by assigned sale number no later than September 10th of each year for the prior fiscal year.

Source Note: The provisions of this §126.2 adopted to be effective November 15, 2011, 36 TexReg 7660