Code of Federal Regulations Title 41. Public Contracts and Property Management § 41.102–37.365 What steps must a SASP take if the State decides to liquidate the agency?

(a) Reasons for the liquidation;

(b) A schedule for liquidating the agency and the estimated date of termination;

(c) Method of disposing of property on hand under the requirements of this part;

(d) Method of disposing of the agency's physical and financial assets;

(e) Retention of all available records of the SASP for a 2–year period following liquidation;  and

(f) Designation of another governmental entity to serve as the agency's successor in function until continuing obligations on property donated prior to the closing of the agency are fulfilled.