Common use of Property of CHFS Clause in Contracts

Property of CHFS. Equipment and property purchased by CHFS for the purposes of fulfilling the requirements of this Contract, and which may include, but not be limited to, furniture, computer software, computer hardware, office equipment, and supplies are considered the property of CHFS with any single item purchase of $500.00 or greater, as well as single item purchases of $5000.00 or greater (capital expenditures), requiring prior approval by the Cabinet. Any Capital Expenditures of $5,000 or greater with Federal Dollars must also have the Federal Agency Prior Approval before the Federal government will allow the costs in accordance with 2 CFR, Part 200. All computer and information technology equipment purchases, regardless of cost, require prior approval from the Finance and Administration Cabinet’s Commonwealth Office of Technology and must comply with state technology standards. All required prior approvals shall be obtained by e-mailing the Contract Specialist referenced on the Title Page of this contract. This equipment and property will remain as such, unless otherwise set forth in this Contract or other controlling documents incorporated herein by reference.

Property of CHFS. Equipment and property purchased by CHFS for the purposes of fulfilling the requirements of this Contract, and which that may include, but not be limited to, furniture, computer software, computer hardware, office equipment, and supplies are considered the property of CHFS with any single item purchase of $500.00 or greater, as well as single item purchases of $5000.00 5,000.00 or greater (capital expenditures), requiring prior approval by the Cabinet. Any Capital Expenditures capital expenditures of $5,000 5,000.00 or greater with Federal Dollars federal dollars must also have the Federal Agency Prior Approval federal agency prior approval before the Federal federal government will allow the costs in accordance with 2 CFR, Part 200. All computer and information technology equipment purchases, regardless of cost, require prior approval from the Finance and Administration Cabinet’s Commonwealth Office of Technology and must comply with state technology standards. All required prior approvals shall be obtained by e-mailing the Contract Specialist referenced identified on the Title Page of this contractContract. This equipment and property will remain as such, unless otherwise set forth in this Contract or other controlling documents incorporated herein by reference.