(1) As used in this chapter:(1) “Commodities” means commodities owned by the state and includes commodities as defined in § 19-61-103;(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 the using 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) (A) “Surplus commodities” means any commodities, other than expendable commodities, no longer having any use to the state.(B) “Surplus commodities” includes obsolete commodities, scrap materials, and nonexpendable commodities that have completed their useful life cycle.
(1) “Commodities” means commodities owned by the state and includes commodities as defined in § 19-61-103;
(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 the using 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) (A) “Surplus commodities” means any commodities, other than expendable commodities, no longer having any use to the state.(B) “Surplus commodities” includes obsolete commodities, scrap materials, and nonexpendable commodities that have completed their useful life cycle.
(A) “Surplus commodities” means any commodities, other than expendable commodities, no longer having any use to the state.
(B) “Surplus commodities” includes obsolete commodities, scrap materials, and nonexpendable commodities that have completed their useful life cycle.