Common use of Purchased Property Clause in Contracts

Purchased Property. 5.8.1 Property to be used for the purposes of carrying out the duties and responsibilities provided for in this Contract may be purchased with funds from this Contract only if authorized by the Department through the terms of this Contract. 5.8.2 Property purchased with federal funding must be purchased, managed, and disposed of in accordance with the pertinent provisions at 45 CFR Part 75. 5.8.3 At such time as Contractor no longer contracts to deliver Services to the Department or as directed by the Department during the term of the Contract, Contractor agrees to deliver, as may be required by law or as may be directed by the Department, title to and possession of any Property purchased with contractual money to the Department or to any entity designated by the Department.

Purchased Property. 5.8.1 Property to be used for the purposes of carrying out the duties and responsibilities provided for in this Contract may be purchased with funds from this Contract only if authorized by the Department through the terms of this Contract. 5.8.2 Property purchased with federal funding must be purchased, managed, and disposed of in accordance with the pertinent provisions at 45 CFR Part 75. 5.8.3 At such time as Contractor no longer contracts to deliver Services to the Department or as directed by the Department during the term Term of the Contract, Contractor agrees to deliver, as may be required by law or as may be directed by the Department, title to and possession of any Property purchased with contractual money to the Department or to any entity designated by the Department.