Utah Admin. Code R33-26-205 - Related Party Transactions

(1) The division has a duty to the public to ensure that State-owned surplus property is disposed of in accordance with Title 63A, Chapter 2. A conflict of interest may exist or appear to exist when a related party attempts to purchase a State-owned surplus property item.

(2) A related party is defined as someone who may fit into any of the following categories pertaining to the State-owned surplus property item in question:

(a) has purchasing authority;

(b) has maintenance authority;

(c) has disposition or signature authority;

(d) has authority regarding the disposal price;

(e) has access to restricted information; and

(f) may be perceived to be a related party using other criteria which may prohibit independence.

Notes

Utah Admin. Code R33-26-205

Renumbered from R33-26-204 by Utah State Bulletin Number 2015-13, effective 6/10/2015 Amended by Utah State Bulletin Number 2016-2, effective 12/23/2015 Amended by Utah State Bulletin Number 2017-21, effective 10/3/2017 Amended by Utah State Bulletin Number 2020-11, effective 5/20/2020