Common use of Federal Excess Personal Property Clause in Contracts

Federal Excess Personal Property. (FEPP) Federal Excess Personal Property (FEPP) is made available to local government agencies through IDL. FEPP rates are calculated at .666 percent of the unoperated equipment rate. The FEPP rate covers operating expenses only for the equipment. There is no allowance for depreciation. FEPP equipment listed in this agreement shall be designated in the Special block of ICMA Equipment Roster.‌

Appears in 7 contracts

Samples: www.idl.idaho.gov, www.idl.idaho.gov, www.idl.idaho.gov

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!