State surplus definition

State surplus or “state property” means items of personal property, such as equipment and supplies, for which state agencies no longer have a business use, but that have some reuse value. “State surplus” does not mean personal property that an agency uses as a trade-in or that is transferred from one agency to another agency when the receiving agency has a business use for the property.
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State surplus means items of personal property that have value and are not scrap, such as equipment and supplies for which state agencies no longer have a business use.
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State surplus means the amount of state revenues
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Examples of State surplus in a sentence

  • Subject to management approval, employees working remotely may access the State surplus warehouse for office furniture for their remote work location.

  • Subject to management approval, employee’s working remotely may access the State surplus warehouse for office furniture for their remote work location.

  • BEST’S RATING: Each insurance policy shall be issued by an insurer rated A-: VII or higher in the A.M. Best's Key Rating Guide, unless a surplus lines placement by an licensed Washington State surplus lines broker, or as may otherwise be approved by the City.

  • Each insurance policy shall be issued by an insurer rated A-: VII or higher in the A.M. Best’s Key Rating Guide, unless a surplus lines placement by a licensed Washington State surplus lines broker, or as may otherwise be approved by the City.

  • Assets considered acceptable to the Michigan State Treasurer under Section 3 of the Surplus Funds in ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ PA 105 to secure deposits of State surplus funds.

  • Each insurance policy shall be issued by an insurer rated A-: VII or higher in the A.M. Best’s Key Rating Guide, unless procured as a surplus lines placement by a licensed Washington State surplus lines broker, or as may otherwise be approved by the City.

  • Should such equipment no longer be used for the benefit of the public and in fulfillment of the intended purposes of the Agreement, whether before or after the Agreement term, and if such equipment still has useful life, it shall expeditiously be disposed of through the same competitive bidding or public sale procedure as is used for the disposition of State surplus equipment.

  • Further, no consultant shall be paid out of State funds for developing recommendations on the disposal of State surplus IT products if that consultant would directly and/or materially benefit from State adoption of such recommendations.

  • Further, no consultant shall be paid out of State funds for developing recommendations on the disposal of State surplus products if that consultant would directly and/or materially benefit from state adoption of such recommendations.

  • Best's Key Rating Guide, unless a surplus lines placement by a licensed Washington State surplus lines broker, or as may otherwise be approved by the City.

Related to State surplus

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Common Surplus means the excess of all receipts of the Association collected on behalf of the Association, including, but not limited to, Assessments, rents, profits and revenues on account of the Common Elements, over the amount of Common Expenses.