12. On the application of the competent authority, the Office remits the property to the beneficiary identified by the authority.
The Office may also transfer a security or security entitlement for sufficient cash consideration for the value of the security and pay that sum to the authority.
“Competent authority” means a member of the personnel of the department or the budget-funded body for which the Office administers the property.
2016, c. 72016, c. 7, s. 183.