Non-Expendable Property Sample Clauses

Non-Expendable Property. Non-expendable property is defined as property or equipment having a value of $5000 or more with a life expectancy of more than one year. Non-expendable property purchased under this contract cannot be sold, traded, or disposed of in any manner without the expressed written permission of the Department.
AutoNDA by SimpleDocs
Non-Expendable Property. The following provisions apply to the extent that the grant allows the acquisition of non-expendable property.
Non-Expendable Property. Any acquisition by CONTRACTOR of non-expendable property with a retail purchase price in excess of five-hundred dollars ($500.00), that is required by CONTRACTOR for performance of this Contract, must require prior written approval of COUNTY. COUNTY will be the legal owner of all equipment that is purchased with COUNTY funds. COUNTY may take possession of its equipment if it is not being used primarily for program purposes and will determine disposition of that equipment upon expiration or termination of this contract.
Non-Expendable Property. Costs for non-expendable property purchases, including cache refurbishment/replacement charges, by each agency will be charged directly to that agency and will not be shared. Expendable property is shared through the Incident Support Cost camp rate. Investigation: Investigation costs are the responsibility of the jurisdictional agency and costs will not be shared. Documents required by each Agency are defined as follows: During the incident:
Non-Expendable Property. The GRANTEE is not authorized to use funds provided herein for the purchase of any non-expendable equipment or personal property valued at $1,000 or more for performance under this Agreement.
Non-Expendable Property. For the requirements of this section of the Purchase Order, “non-expendable property” is the same as “property” as defined in Section 273.02, F.S. (equipment, fixtures, and other tangible personal property of a non-consumable and non-expendable nature, with a value or cost of $1,000.00 or more, and a normal expected life of one (1) year or more; hardback-covered bound books that are circulated to students or the general public, with a value or cost of $25.00 or more; and uncirculated hardback-covered bound books, with a value or cost of $250.00 or more). Title (ownership) to all non-expendable property acquired with funds from this Purchase Order shall be vested in the Commission and said property shall be transferred to the Commission upon completion or termination of the Purchase Order unless otherwise authorized in writing by the Commission or unless otherwise specifically provided for in the Scope of Work.
AutoNDA by SimpleDocs
Non-Expendable Property. For the purposes of this Agreement, non-expendable property shall mean all property which will not be consumed or lose its identity, which costs $5,000.00 more per unit, and which has a life expectancy in excess of one year.
Non-Expendable Property. The Grantee is not authorized to use funds provided herein for the purchase of any non-expendable equipment or personal property valued at $1,000 or more for performance under this Agreement.
Non-Expendable Property a.) Nonexpendable property is defined as tangible personal property that is of a nonconsumable nature.
Time is Money Join Law Insider Premium to draft better contracts faster.