Common use of Equipment and Property Clause in Contracts

Equipment and Property. A. The Grantee must ensure equipment with a per-unit cost of $5,000 or greater purchased with grant funds under this award is used solely for the purpose of this Grant or is properly pro-rated for use under this Grant. Grantee must have control systems to prevent loss, damage, or theft of property funded under this Grant. Grantee shall maintain equipment management and inventory procedures for equipment, whether acquired in part or whole with grant funds, until disposition occurs.

Equipment and Property. A. A The Grantee must ensure equipment with a per-unit cost of $5,000 of$5,000 or greater purchased with grant funds under this award is used solely for the purpose of this ofthis Grant or is properly pro-rated for use under this Grant. Grantee must have control systems to prevent loss, damage, or theft of property ofproperty funded under this Grant. Grantee shall maintain equipment management and inventory procedures for equipment, whether acquired in part or whole with grant funds, until disposition occurs.