Assets as Collateral Prohibited. Grantees will not encumber equipment purchased with System Agency funds without prior written approval from the System Agency.
Assets as Collateral Prohibited. Subrecipients on a cost reimbursement payment method shall not encumber equipment purchased with System Agency funds without prior written approval from the System Agency.
Assets as Collateral Prohibited. Contractors on a cost reimbursement payment method shall not encumber equipment purchased with Department funds without prior written approval from the Department.
