(A) The director of administrative services shall allocate any proceeds from the transfer,
sale, or lease of excess and surplus supplies in the following manner:
(1) Except as otherwise provided in division (A)(2) of this section, the proceeds
of such a transfer, sale, or lease shall be paid into the state treasury to the credit
of the investment recovery fund, which is hereby created.
(2) Except as otherwise provided in division (A)(2) of this section, when supplies
originally were purchased with funds from nongeneral revenue fund sources, the director
shall determine what fund or account originally was used to purchase the supplies,
and the credit for the proceeds from any transfer, sale, or lease of those supplies
shall be transferred to that fund or account. If the director cannot determine which fund or account originally was used to purchase
the supplies, if the fund or account is no longer active, or if the proceeds from
the transfer, sale, or lease of a unit of supplies are less than one hundred dollars
or any larger amount the director may establish with the approval of the director
of budget and management, then the proceeds from the transfer, sale, or lease of such
supplies shall be paid into the state treasury to the credit of the investment recovery
(B) The investment recovery fund shall be used to pay for the operating expenses of
the state surplus property program and of the federal surplus property program described
in sections 125.84 to 125.90 of the Revised Code. Any amounts in excess of these operating expenses shall periodically be transferred
to the general revenue fund of the state. If proceeds paid into the investment recovery fund are insufficient to pay for the
program's operating expenses, a service fee may be charged to state agencies to eliminate
(C) Proceeds from the sale of recyclable goods and materials shall be paid into the
state treasury to the credit of the recycled materials fund, which is hereby created,
except that the director of environmental protection, upon request, may grant an exemption
from this requirement. The director shall administer the fund for the benefit of recycling programs in
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.