The rule is being amended to implement legislative changes to Section 273.05, F.S.

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Accounting and Auditing

RULE NO.:RULE TITLE:

69I-72.005Disposition of Property

PURPOSE AND EFFECT: The rule is being amended to implement legislative changes to Section 273.05, F.S.

SUMMARY: Rule 69I-72.005, F.A.C., is amended to require the following information be recorded on the individual property record for each item certified as surplus property: (a) date of certification; (b) reason for certification; (c) date of review board recommendation in certification; and (d) reference to location of documents evidencing compliance with the rules and guidelines of the custodian. The individual property records for each item certified as surplus shall be transferred to a certified surplus property file.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:

The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: The Department conducted an economic analysis of the potential impact of the proposed rule amendment and determined that there will be no adverse economic impact or regulatory increases that would require legislative ratification.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 273.02, 273.025, 273.05, 273.055 FS.

LAW IMPLEMENTED: 273.02, 273.025, 273.04, 273.05, 273.055 FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW (IF NOT REQUESTED, THIS HEARING WILL NOT BE HELD):

DATE AND TIME: March 31, 2014, 2:00 p.m.

PLACE: Room 430, Fletcher Building, 101 E. Gaines Street, Tallahassee, FL

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Timothy Hsieh at [phone] or [e-mail]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Timothy Hsieh, CPA, Chief, Bureau of Financial Reporting, 200 E. Gaines Street, Tallahassee, FL 32399-0364 or [phone] or [e-mail]

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69I-72.005 Certification of Surplus Property and Disposition of Property Disposition.

(1) Method of Certification – Property within the meaning of these rules may be lawfully certified as surplus as provided in Section 273.05, F.S.

(2) Required Information – The following information shall be recorded on the individual property record for each item lawfully certified as surplus property pursuant to Section 273.05, F.S.

(a) Date of certification.

(b) Reason for certification (obsolete, continued use uneconomical or inefficient, or serves no useful function).

(c) Date of review board recommendation on certification and reference to location of documentation thereof.

(d) Reference to location of documentation evidencing compliance with those rules and guidelines promulgated by the custodian of surplus property.

(3) Transfer of Property Records – The individual property records for each item lawfully certified as surplus shall, upon the custodian’s certification, be transferred to a certified surplus property file.

(1) through (4) renumbered (4) through (7) No change.

Rulemaking Specific Authority 273.02, 273.025, 273.05, 273.055 FS. Law Implemented 273.02, 273.025, 273.04, 273.05, 273.055 FS. History–New 1-13-08, Amended__________.

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Timothy Hsieh, Chief, Bureau of Financial Reporting

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Jeff Atwater, Chief Financial Officer

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: March 3, 2014

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: January 24, 2014