Program Property. In the event the MMSD terminates this MOA, unless Partners wish to donate same, all finished and unfinished documents, services, papers, data, products, and the like prepared, produced or made by Partners and any purchases of materials or equipment made by Partners for this project shall remain the property of Partners, and Partners shall maintain records that will clearly identify such materials or equipment. Any MMSD property used or any material or equipment purchased by MMSD for the YA Program, shall remain the property of MMSD.
Program Property. Any personal property having a useful life of more than one year and purchased wholly or in part with sub-grant funds from this Agreement at a cost of three hundred dollars ($300) or more per item shall upon its purchase or receipt become the property of the City. The Subrecipient shall be responsible for all such property, including its care and maintenance, and shall comply with the following procedural requirements:
A. Property records shall be maintained accurately and provide for: A description of the property; manufacturer's serial number of other identification number; acquisition date and cost; source of the property; percentage of block grant funds used in the purchase of property; location, use, and condition of the property.
B. A physical inventory of property shall be taken and the results reconciled with the property records at least once every two years to verify the existence, current utilization, and continued need for the property.
C. A control system shall be in effect to ensure adequate safeguards to prevent loss, damage, or theft to the property. Any loss, damage, or theft of the property shall be investigated and fully documented.
D. Adequate maintenance procedures shall be implemented to keep the property in good condition.
E. If the Subrecipient elects to capitalize and depreciate such non-expendable personal property in lieu of claiming the acquisition cost as a direct item of cost, title to such property shall remain with the Subrecipient. An election to capitalize and depreciate or claim acquisition cost as a direct item of cost shall be irrevocable.
F. Non-expendable personal property purchased by the Subrecipient under the terms of this Agreement, in which title is vested in the City or Federal Government, shall not be rented, loaned, or otherwise passed to any person, partnership, corporation, association or organization without the prior express approval of the Department.
G. Any non-expendable personal property furnished to, or purchased by, the Subrecipient, title to which is vested in the City or federal government, shall, unless otherwise provided herein or approved by the City, be used only for the performance of activities defined in this Agreement.
H. The Subrecipient shall be responsible for any loss or damage to the property of the City of Xxxxxxx or federal government (including expenses entered thereunto) which results from negligence, willful misconduct, or lack of good faith on the part of the Subrecipient to main...
Program Property. In the event the MMSD terminates this MOA, unless UWDC and Centro wish to donate same, all finished and unfinished documents, services, papers, data, products, and the like prepared, produced or made by partner organizations and any purchases of materials or equipment made by UWDC and Centro for this project shall remain the property of UWDC and Centro, and UWDC and Centro shall maintain records that will clearly identify such materials or equipment. Any MMSD property used or any material or equipment purchased by MMSD for the SOH ES project, shall remain the property of MMSD.
Program Property. In the event the MMSD terminates this MOA, unless UW-SOE wishes to donate same, all finished and unfinished documents, services, papers, data, products, and the like solely prepared, produced or made by UW-SOE and any purchases of materials or equipment made by UW-SOE for this project shall remain the property of UW-SOE, and UW-SOE shall maintain records that will clearly identify such materials or equipment. Any MMSD property used or any material or equipment purchased by MMSD for Forward Madison, shall remain the property of MMSD. Documents, services, papers, data, products and the like prepared jointly between the parties may be duplicated and used by each party. Notwithstanding the foregoing, If one party claims intellectual property rights to any materials produced under this MOA and/or for any project identified herein, such shall provide the other with permission and/or nonexclusive license to use such material in perpetuity, at no cost for noncommercial, educational purposes.
Program Property. The GO reserves the right to require transfer property acquired with assistance funds and used during the program to the Recipient.
Program Property. Deleted:
Program Property. If program prop- erty has not sold after being actively marketed at the current appraised value for 45 days during which time program applicants have exclusive rights to purchase the property, plus an additional 30 days to any offeror, the price will be administratively re- duced by 10 percent of the appraised value. During the first 45 days after the price reduction, the property will be actively marketed with program appli- cants having exclusive rights to pur- chase the property, and at the expira- tion of this 45-day period, the property may be sold to any offeror. If at the end of this 75-day period the property remains unsold, a second price reduc- tion of 10 percent of the appraised value will be made. During the first 45 days after the second price reduction, the property will be actively marketed with program applicants having exclu- sive rights to purchase the property, and at the expiration of this 45-day pe- riod, the property may be sold to any offeror. If the property does not sell within 75 days of the second price re- duction, further guidance is provided in § 1955.114(a)(6) and Exhibit D (available in any Rural Development office) of this subpart.
Program Property. In the event the MMSD terminates this MOA, unless Catholic Charities wishesparties wish to donate same, all finished and unfinished documents, services, papers, data, products, and the like prepared, produced or made by Catholic Charitiesparties and any purchases of materials or equipment made by Catholic Charitiesparties for this project shall remain the property of Catholic Charitiesparties, and Catholic Charitiesparties shall maintain records that will clearly identify such materials or equipment. Any MMSD property used or any material or equipment purchased by MMSD for this partnershipthe BHS program, shall remain the property of MMSD.
Program Property. In the event the MMSD terminates this MOA, unless Madison College wishes to donate same, all finished and unfinished documents, services, papers, data, products, and the like prepared, produced or made by Madison College and any purchases of materials or equipment made by Madison College for this project shall remain the property of Madison College, and Madison College shall maintain records that will clearly identify such materials or equipment. Any MMSD property used or any material or equipment purchased by MMSD for the ECSA, shall remain the property of MMSD, and MMSD shall maintain records to clearly identify such materials or equipment.
Program Property. In the event the MMSD terminates this MOA, unless SOE wishes to donate same, all finished and unfinished documents, services, papers, data, products, and the like solely prepared, produced or made by SOE and any purchases of materials or equipment made by SOE for this project shall remain the property of SOE, and SOE shall maintain records that will clearly identify such materials or equipment. Any MMSD property used or any material or equipment purchased by MMSD for Forward Madison, shall remain the property of MMSD. Documents, services, papers, data, products and the like prepared jointly between the parties may be duplicated and used by each party. Notwithstanding the foregoing, If one party claims intellectual property rights to any materials produced under this MOA and/or for any project identified herein, such shall provide the other with permission and/or nonexclusive license to use such material in perpetuity, at no cost for noncommercial, educational purposes.
