{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-120.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-120.1","heading":"Exchange, trade-in or separate sale authorized -","body":"Transfers to educational entities without compensation.\n\nA. Each state department, institution, or agency which is\n\nempowered by law to purchase supplies and equipment, and which also\n\nis authorized by law to maintain a revolving fund and make\n\nexpenditures therefrom for purchase of supplies and equipment is\n\nhereby authorized to dispose of outworn, outmoded, obsolescent, or\n\nobsolete equipment solely for the purpose of acquiring suitable\n\nequipment of comparable kind and purpose, by any of the following\n\nmethods or combinations of methods:\n\n1. By exchange;\n\n2. By trade-in to cover part of the cost of equipment to be\n\nacquired by purchase; and\n\n3. By separate cash sale in cases where it appears that a\n\ngreater amount can be recovered than could be realized by exchange\n\nor trade-in; provided that nothing in this act shall apply to the\n\nGrand River Dam Authority.\n\nB. The entities authorized to dispose of obsolete equipment\n\npursuant to subsection A of this section are also authorized to\n\ndispose of obsolete or surplus equipment by transfer to a public\n\nschool district or to entities within The Oklahoma State System of\n\nHigher Education without compensation.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"ee13ff592963e3b071cc887cf8d09d75413a8d51b0ec4b30881ed0e6575e93f6","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-117","next":"us-ok/okla.-stat.-tit.-62-62-120.2"},"notice":"GroundRules: Original legal text. Not legal advice."}