State Administrative Manual
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SAM - Chapter 8600

8633     TRANSFER 
(Revised and Renumbered from 8655.3, 8656.2, 8656.3  3/86)

Departments (transferees) which acquire property free of charge from other State departments (transferors) will record the asset at the same cost as that recorded on the books of the transferor department.

 

Updated : 6/6/2007