1VAC30-120-140: Liquidation

The State Agency will submit a liquidation plan to federal General Services Administration prior to the actual termination of State Agency activities in accordance with the specific requirements of FMR 102-37.365 through 102-37.370. The plan will include:

1. Reasons for the liquidation;

2. A schedule for liquidating the agency and the estimated date of termination;

3. Method of disposing of surplus property on hand, consistent with the provisions of FMR 102-37, Subpart D;

4. Method of disposing of the agency's physical and financial assets; and

5. Retention of all available books and records of the State Agency for a two-year period following liquidation.