1. A. In the event of liquidation, or at the time determination has been made by state officials to liquidate the program, a liquidation plan will be prepared in accordance with FPMR 101-44.201.c.14.

2. B. The liquidation plan shall include:

   1. 1. reasons for liquidation;
   2. 2. schedule and estimated date of termination;
   3. 3. method of disposal of surplus property on hand, consistent with the provisions of FPMR 101.44.205;
   4. 4. method of disposal of agency's physical and financial assets;
   5. 5. retention of books and records for a five-year period following liquidation.
3. C. Such plan will be submitted to GSA and its approval secured prior to the beginning of liquidation.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with 41 CFR 101-44 and P.L. 94-519.

Historical Note

HISTORICAL NOTE: Promulgated by the Office of the Governor, Division of Administration, Federal Property Assistance Agency, LR 3:419 (October 1977), amended LR 9:845 (December 1983), amended by the Office of the Governor, Division of Administration, Property Assistance Agency, LR 24:38 (January 1998).