TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT
SUBTITLE B: SUPPLEMENTAL PROCUREMENT RULES
CHAPTER XIV: COMPTROLLER
PART 1120 OFFICE OF THE COMPTROLLER STANDARD PROCUREMENT
SECTION 1120.6010 SUPPLY MANAGEMENT AND DISPOSITIONS
Section 1120.6010 Supply Management and Dispositions
a) Inventory Responsibility.
The IOC shall maintain accountability over tangible personal property and other supplies under its control subject to the requirements of the State Property Control Act and rules implementing that Act.
b) Supply Management.
The IOC shall order supplies on a schedule and in quantities so as to maintain no more than a 12 month supply in inventory. Supplies shall be ordered so as to maintain the minimum inventory commensurate with ability to meet IOC needs. This 12-month inventory restriction does not apply when a greater quantity is needed to meet minimum order quantities.
c) Annual Inventory.
All IOC inventory storage areas shall be inventoried at least annually.
d) Report of Inventory.
The Comptroller's Director of Administrative Services shall be notified periodically of all supplies in excess of 12 months supply.