Equipment Purchased with Highway Safety Funds Sample Clauses

Equipment Purchased with Highway Safety Funds. Ownership of equipment purchased is vested in the subrecipient, who must use the property only for the authorized purpose of this project (2 CFR Part 200.313) To dispose of ANY equipment, the subrecipient MUST: 1. Write a letter of request to XXXX; 2. State how the disposal will occur (auction, transfer, etc.) and/or provide three (3) appraisals; 3. Maintain equipment until subrecipient receives letter of approval;

Equipment Purchased with Highway Safety Funds. Ownership of equipment purchased is vested in the Grantee, who must use the property only for the authorized purpose of this project(49 CFR, Part 18 (Common Rule) ) - Equipment must be entered into, and tracked through, the Grantee’s inventory system and the OHSO inventory - Equipment maintenance and liability coverage are the Grantee’s responsibility - Grantee shall not remove, transfer, or dispose of the property without prior written approval from OHSO - If equipment is lost or stolen, the OHSO must be notified immediately, in writing, accompanied by a police report To dispose of ANY equipment, the Grantee MUST: (1) Write a letter of request to OHSO; (2) State how the disposal will occur (auction, transfer, etc.) and/or provide three (3) appraisals; (3) Maintain equipment until Grantee receives letter of approval;