PROPERTY ACQUISITIONS AND EQUIPMENT PURCHASES. Property, exclusive of real property, as used in this exhibit shall include the following:
PROPERTY ACQUISITIONS AND EQUIPMENT PURCHASES Sample Clauses
Related to PROPERTY ACQUISITIONS AND EQUIPMENT PURCHASES
Property Acquisitions System Agency funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.
Equipment Purchases If this Agreement includes the purchase of equipment, this section is applicable. The JBE may, at its option, repair any damaged or replace any lost or stolen items and deduct the cost thereof from Contractor’s invoice to the JBE, or require Contractor to repair or replace any damaged, lost, or stolen equipment to the satisfaction of the JBE at no expense to the JBE. If a theft occurs, Contractor must file a police report immediately.
