Definitions concerning commodity management
ArkansasStatutes
Ask Donna
How this section applies to your facts.
AR Code › Title 19 › Chapter 11 › Subchapter 2 › Section 19-11-205
Text
As used in this subchapter: (1) "Commodities" means, for purposes of this section and §§ 19-11-242 and 19-11-243 , commodities owned by the state. See § 19-11-203 , which refers to commodities; (2) "Excess commodities" means any commodity, other than expendable commodities, having a remaining useful life but which the using agency in possession of the commodity has determined is no longer required by such agency; (3) "Expendable commodities" means all tangible commodities other than nonexpendable commodities; (4) "Nonexpendable commodities" means all tangible commodities having an original acquisition cost of more than two thousand five hundred dollars ($2,500) per unit and a useful life of more than one (1) year; and (5) "Surplus commodities" means any commodities, other than expendable commodities, no longer having any use to the state. This definition includes obsolete commodities, scrap materials, and nonexpendable commodities that have completed their useful life cycle. Acts 1979, No. 482, § 54; A.S.A. 1947, § 14-275; Acts 2003, No. 487, § 2.
As used in this subchapter:
(1) "Commodities" means, for purposes of this section and §§ 19-11-242 and 19-11-243 , commodities owned by the state. See § 19-11-203 , which refers to commodities;
(2) "Excess commodities" means any commodity, other than expendable commodities, having a remaining useful life but which the using agency in possession of the commodity has determined is no longer required by such agency;
(3) "Expendable commodities" means all tangible commodities other than nonexpendable commodities;
(4) "Nonexpendable commodities" means all tangible commodities having an original acquisition cost of more than two thousand five hundred dollars ($2,500) per unit and a useful life of more than one (1) year; and
(5) "Surplus commodities" means any commodities, other than expendable commodities, no longer having any use to the state. This definition includes obsolete commodities, scrap materials, and nonexpendable commodities that have completed their useful life cycle.
Acts 1979, No. 482, § 54; A.S.A. 1947, § 14-275; Acts 2003, No. 487, § 2.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.