Common use of AUTHORITY’S PROPERTY Clause in Contracts

AUTHORITY’S PROPERTY. Where the Authority for the purpose of the Contract issues property or materials free of charge to the Contractor, such materials shall remain the property of the Authority and be held at the Contractor's risk. The Contractor shall maintain all such property and materials in good order and condition and shall use such property and materials solely in connection with the Contract. The Contractor shall notify the Authority of any surplus materials remaining after completion of the Contract and shall dispose of them as the Authority may direct.