NON-EXPENDABLE PERSONAL PROPERTY. You will comply with all Federal, State and local laws and ordinances regarding property ownership, use and management. You will request and receive written authorization from the City and HUD prior to the purchase of tangible personal property having a useful life of more than 1 year and an acquisition cost of $5,000 or more per unit with funds received pursuant to this Agreement ("Non-expendable Personal Property"). All Non- expendable Personal Property will be the property of the City to the extent that such property is not the property of the federal government or the State of Illinois. You will maintain a current inventory listing of such Non-expendable Personal Property and will deliver a copy of such listing to the City on an annual basis. You will comply with the CDBG Regulations in your management of Non-expendable Personal Property. You will return all Non-expendable Personal Property to the City, upon the termination of the Services, completion of this Agreement or at any time requested by the Department. However, upon the receipt of the final inventory of all Non-expendable Personal Property, the City may allow such property to remain in your possession if the City, in its sole discretion, determines that the Non-expendable Personal Property is necessary for the performance of any new or other services by you for the City. When this Agreement expires or is terminated, you will return to the City the balance of any funds received under this Agreement and any accounts receivable attributable to those funds. In addition, if you acquired or improved real property with funds received under this Agreement, then you will comply with the CDBG Regulations.
NON-EXPENDABLE PERSONAL PROPERTY. You must receive written authorization from the City prior to purchasing tangible personal property having a useful life of more than one year with an acquisition cost of $5,000 or more per unit ("Personal Property"), or as otherwise determined by the Department. All Personal Property will be the property of the City. You must maintain a current inventory listing of Personal Property and must deliver a copy of the listing to the City annually. You must receive written authorization from the City before using funds under this Agreement to improve or purchase real property. When this Agreement expires or is terminated, you must return to the City (a) the balance of any funds received under this Agreement and any accounts receivable attributable to those funds and (b) all Personal Property. However, upon receipt of the final inventory of all Personal Property, the City may elect to allow Personal Property to remain in your possession if the City, in its sole discretion, determines that the Personal Property is necessary for the performance of any new or other services by you for the City.
NON-EXPENDABLE PERSONAL PROPERTY. After the termination of the Agreement, Grantee may continue to use any Non-Expendable Personal Property acquired under the Agreement in the Grant Project as long as needed, whether or not the project continues to be supported by grant funds. In the alternative, Grantee may sell the property and reinvest the proceeds in the Grant Project.
NON-EXPENDABLE PERSONAL PROPERTY. After the termination of the Agreement, Grant Recipient may continue to use any Non-Expendable Personal Property acquired under the Agreement in the Grant Project as long as needed, whether or not the project continues to be supported by grant funds. In the alternative, Grant Recipient may sell the property and reinvest the proceeds in the Grant Project.
NON-EXPENDABLE PERSONAL PROPERTY. (a) Grantee must not purchase non-expendable personal property, including but not limited to, federally-owned and exempt property, equipment and supplies (collectively referred to as “Non- Expendable Personal Property”) with an original purchase price of $5,000 or more without Grantor’s prior written approval.
NON-EXPENDABLE PERSONAL PROPERTY. You will comply with all Federal, State and local laws and ordinances regarding property ownership, use and management. You will request and receive written authorization from the City and HHS prior to the purchase of tangible personal property having a useful life of more than 1 year and an acquisition cost of $5,000 or more per unit with funds received pursuant to this Agreement ("Non-expendable Personal Property"). All Non- expendable Personal Property will be the property of the City to the extent that such property is not the property of the federal government or the State of Illinois. You will maintain a current inventory listing of such Non-expendable Personal Property and will deliver a copy of such listing to the City on an annual basis. You will comply with 45 CFR 75.320 in your management of Non-expendable Personal Property. When procuring equipment, you must comply with the procurement standards at 45 CFR 75, which requires the performance and documentation of some form of cost or price analysis with every procurement action. You will return all Non-expendable Personal Property to the City, upon the termination of the Services, completion of this Agreement or at any time requested by the Department. However, upon the receipt of the final inventory of all Non-expendable Personal Property, the City may allow such property to remain in your possession if the City, in its sole discretion, determines that the Non-expendable Personal Property is necessary for the performance of any new or other services by you for the City. When this Agreement expires or is terminated, you will return to the City the balance of any funds received under this Agreement and any accounts receivable attributable to those funds. In addition, if you acquired or improved real property with funds received under this Agreement, then you will comply with 45 CFR 75.318.
NON-EXPENDABLE PERSONAL PROPERTY. You will comply with all Federal, State and local laws and ordinances regarding property ownership, use and management. You will request and receive written authorization from the City prior to the purchase of tangible personal property having a useful life of more than 1 year and an acquisition cost of $5,000 or more per unit with funds received pursuant to this Agreement ("Non-expendable Personal Property"). All Non-expendable Personal Property will be the property of the City to the extent that such property is not the property of the federal government or the State of Illinois. You will maintain a current inventory listing of such Non-expendable Personal Property and will deliver a copy of such listing to the City on an annual basis. You will return all Non-expendable Personal Property to the City, upon the termination of the Services, completion of this Agreement or at any time requested by the Department. However, upon the receipt of the final inventory of all Non-expendable Personal Property, the City may allow such property to remain in your possession if the City, in its sole discretion, determ xxxx that the Non-expendable Personal Property is necessary for the performance of any new or other services by you for the City. W hen this Agreement expires or is terminated, you will return to the City the balance of any funds received under this Agreement and any accounts receivable attributable to those funds. In addition, if you acquired or improved real property with funds received under this Agreement, then you will comply with the applicable provisions of the CDBG Regulations.
NON-EXPENDABLE PERSONAL PROPERTY. 1. Non-expendable personal property shall be used by the Contractor in the program or project for which it was acquired as long as needed, whether or not the project or program continues to be supported by federal or state funds. When no longer needed for the original program or project, the nonexpendable personal property may be used in other activities currently or previously supported by a federal (if federal funds) or state (if state funds) agency.
