Property Control. Effective control and accountability must be maintained for all property. The subrecipient must adequately safeguard all such property and must assure that it is used solely for authorized purposes as described in the guidance and application. The subrecipient shall exercise caution in the use, maintenance, protection and preservation of such property. Terms used in this sub-part have the following meaning (see also Reclamation Supplement to Federal Property Management Regulations, Part 60 Property Accountability, Sub-part 114S-60.4 Classification of Property).
Property Control. Effective control and accountability must be maintained for all property. The subrecipient must adequately safeguard all such property and must assure that it is used for authorized purposes as described in the NOFO, grant application, and Code of Federal Regulations 2
Property Control. The property control system must include but not be limited to the following:
(i) Identification of each item of cooperating country property acquired or furnished under the award by a serially controlled identification number and by description of item. Each item must be clearly marked "Property of (insert name of cooperating country)."
(ii) The price of each item of property acquired or furnished under this award.
(iii) The location of each item of property acquired or furnished under this award.
(iv) A record of any usable components which are permanently removed from items of cooperating country property as a result of modification or otherwise.
(v) A record of disposition of each item acquired or furnished under the award.
(vi) Date of order and receipt of any item acquired or furnished under the award.
(vii) The official property control records must be kept in such condition that at any stage of completion of the work under this award, the status of property acquired or furnished under this award may be readily ascertained. A report of current status of all items of property acquired or furnished under the award must be submitted yearly concurrently with the annual report.
Property Control. The supplier shall ensure that all GP is protected against: • Unauthorized access or usage; • Theft or misappropriation; • The elements, including excess of dust and dirt; and, • Possible breach of security.
Property Control. If the development team represents that it has legal control of the property (or a substantial portion of the property) where the project would be located, the copies of the following must be provided to the extent they exist for the project: ▪ Property deeds; ▪ Copies of executed and enforceable real property sales contracts; ▪ Copies of executed and enforceable real property option agreements; ▪ Evidence that property has been purchased or is under contract to be purchased at a price not substantially greater than market value; and ▪ If Development Team is a partnership, evidence that the Key Negotiator has the legal authority to commit the subject property to the proposed development project.
Property Control. All Alcoa Contractor Gates are monitored by camera and telephone for communications. Entry and Exit from these gates by vehicles is logged by the electronic badge system. Alcoa reserves the right to prohibit equipment and materials on company property that does not meet Alcoa standards. No contract employee should use his/her gate pass to allow another person to enter plant. Entrance to all contracted work by Contractor’s and subcontractor’s employees, visitors and deliveries shall be through contractor gate 2 and the west gate. The entrance gate for Contracted Services varies based on the type of service (determined by Alcoa Security). Contractor's, Subcontractor’s & Contracted Service’s employees are discouraged from bringing packages other than essentials, such as lunches, toolboxes and work clothes into the plant. All such items, as well as personal vehicles, are subject to inspection by Alcoa's security personnel both upon entering and leaving the plant site. Failure to submit to inspection will be sufficient grounds for restricting the individual from further entry.
Property Control. Developer will have the rights to sub-lease or encumber the Property subject to City approval and in accordance with the Campus Master Plan.
Property Control. Effective control and accountability must be maintained by Subrecipient for all equipment and supplies acquired by Subrecipient under this Agreement. Subrecipient must adequately safeguard all such property and must assure that it is used for authorized purposes as described in the 2015 Hazard Mitigation Assistance Guidance, the grant application as approved, and the CFR. Subrecipient shall exercise caution in the use, maintenance, protection and preservation of such property.
a. Equipment acquired by Subrecipient with funds obtained in whole or in part under this Agreement shall be used by Subrecipient in the program or project for which it was acquired as long as needed, whether or not the program or project continues to be supported by funds obtained in whole or in part under this Agreement. Theft, destruction, or loss of such property shall be reported to DEMA immediately.
b. Nonexpendable Property is personal property that is complete in itself, does not lose its identity or become a component part of another article when put into use; is durable, with an expected service life of two years or more; and that has a unit cost of more than $500. (48 CFR 752.245-70(a)(3)).
c. Capital Assets are any tangible or intangible assets used in operations having a useful life of more than one year which are capitalized in accordance with GAAP. Capital assets include: (a) Land, buildings (facilities), equipment, and intellectual property (including software) whether acquired by purchase, construction, manufacture, lease- purchase, exchange, or through capital leases; and (b) Additions, improvements, modifications, replacements, rearrangements, reinstallations, renovations or alterations to capital assets that materially increase their value or useful life (not ordinary repairs and maintenance). (2 CFR 200.12).
d. A Property Control Form shall be maintained for the entire scope of the program or project for which property was acquired through the end of its useful life and/or disposition. All Nonexpendable Property and Capital Assets must be included on the Property Control Form. Subrecipient shall provide DEMA a copy of the Property Control Form at the end of period of performance or no more than ninety (90) calendar days after the end of the Agreement. The Property Control Form shall be updated, and a copy provided to DEMA no more than forty-five (45) calendar days after equipment disposition. Subrecipient agrees to be subject to equipment monitoring and auditing b...
Property Control. Effective control and accountability must be maintained by Subrecipient for all equipment and supplies acquired by Subrecipient under this Agreement. Subrecipient must adequately safeguard all such property and must assure that it is used for authorized purposes as described in the NOFO, the grant application as approved, and the
Property Control. Effective control and accountability must be maintained for all personal property. Sub-grantees mu adequately safeguard all such property and must assure that it is used solely for authorized purposes. Subgrantees shou exercise caution in the use, maintenance, protection and preservation of such property.
