The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
  (1) Capitalized maintenance equipment--Maintenance equipment having an acquisition value of $5,000 or more.
  (2) Commission--Texas Parks and Wildlife Commission.
  (3) Department--Texas Parks and Wildlife Department.
  (4) Department purpose--Any function of the department required or authorized by state or federal law.
  (5) Fair market value--The price at which a piece of maintenance equipment would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.
  (6) Maintenance cost--The annual cost to repair or otherwise keep a piece of maintenance equipment in working order, but does not include routine maintenance, such as oil changes, tire replacement, and lubrication, that are part of a scheduled regime of equipment care.
  (7) Maintenance equipment--Personal property owned by the department that is used to administer, operate, preserve, repair, expand, or otherwise maintain real property, including improvements and fixtures, owned or operated by the department.
  (8) Operational--The condition of being currently in use or functionally capable of being used.
  (9) Outdated equipment--Capitalized maintenance equipment that:
    (A) has a fair market value that is less than the maintenance cost;
    (B) is not operational and cannot reasonably be made operational; or
    (C) no longer serves a department purpose.
  (10) Replacement cost--The cost of replacing maintenance equipment with maintenance equipment having similar functionality.

Source Note: The provisions of this §60.2 adopted to be effective December 23, 2007, 32 TexReg 9349