Common use of Property Inventory Clause in Contracts

Property Inventory. A. The AGENCY agrees, upon acceptance of vehicles, equipment, or facilities financed through this AGREEMENT, to submit an Add Inventory Report form supplied or approved by the DEPARTMENT. B. The AGENCY agrees, until final disposition of vehicles, equipment, facilities financed through this AGREEMENT, to provide annual updates to the inventory reports, with the effective date of the update to be specified by the DEPARTMENT. C. The AGENCY agrees, within 45 days after disposition of vehicles, equipment, or facilities financed through this AGREEMENT (consistent with Section 6), to submit a disposition report utilizing reporting forms supplied or approved by the DEPARTMENT.

Appears in 10 contracts

Samples: Transit Joint Participation Agreement, Transit Joint Participation Agreement, Transit Joint Participation Agreement

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