Oklahoma § 74-62.4 - Sale of surplus property – Disposition of proceeds –
Full text of Oklahoma Oklahoma Statutes § 74-62.4 — Sale of surplus property – Disposition of proceeds –, with citation guidance and answers to common questions.
§ 74-62.4. Sale of surplus property – Disposition of proceeds –
Discard or transfer – Disposal for a state agency.
A. Pursuant to rules promulgated by the Director of Central
Services, proceeds from the sale of the surplus property shall be
credited to a special cash fund created by Section 62.5 of this
title.
B. Any surplus property determined by a state agency to have
minimal or no value may be discarded or transferred to the
Department pursuant to rules the Director promulgates.
Oklahoma Statutes - Title 74. State Government
C. If the Department disposes of a vehicle or equipment
pursuant to the Oklahoma Surplus Property Act for a state agency,
the Department shall remit the proceeds from the sale, less a
reasonable fee imposed by the Department for handling and
disposition, to the state agency.
D. The Director may expend proceeds accruing to the Department
within the special cash fund created by Section 62.5 of this title
to defray operating expenses for the State Surplus Property program
and expenses the Department incurs to support program operations.
Added by Laws 1959, p. 353, § 9, eff. July 1, 1959. Amended by Laws
1963, c. 267, § 1, emerg. eff. June 13, 1963; Laws 1995, c. 342, §
4, emerg. eff. June 9, 1995. Renumbered from § 85.9 of this title
by Laws 1995, c. 342, § 9, emerg. eff. June 9, 1995. Amended by
Laws 2000, c. 218, § 3, eff. Nov. 1, 2000; Laws 2003, c. 372, § 2,
eff. July 1, 2003.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-62.4
What does Oklahoma Statutes § 74-62.4 cover?
Section 74-62.4 ("Sale of surplus property – Disposition of proceeds –") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 74-62.4?
A common citation format is "Oklahoma Statutes § 74-62.4" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 74-62.4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.