Purchases with Contract Funds. Performing Agency may expend Contract Funds without prior approval by the System Agency in the following circumstances: a. expenditures up to One hundred thousand dollars ($100,000) during the Contract term for the acquisition of automatic data processing, which includes computer hardware and software, whether by outright purchase, rental-purchase agreement, or other method of purchase; b. rental or lease expenditures on buildings and related facilities up to the market value of the lease space; c. reconversion cost lease property in an amount equal to the greater of twenty-five percent (25%) of the annual lease or rental expense or Fifty thousand dollars ($50,000); d. expenditures for insurance, up to the following coverage limits:
Appears in 6 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
Purchases with Contract Funds. Performing Agency may expend Contract Funds without prior approval by the System Agency in the following circumstances:
a. expenditures up to One hundred thousand dollars ($100,000) during the Contract term for the acquisition of automatic data processing, which includes computer hardware and software, whether by outright purchase, rental-purchase agreement, or other method of purchase;
b. rental or lease expenditures on buildings and related facilities up to the market value of the lease space;
c. reconversion cost costs incurred in the restoration or rehabilitation of Performing Agency’s rental or lease property in an amount equal to the greater of twenty-five percent (25%) of the annual lease or rental expense or Fifty thousand dollars ($50,000);
d. expenditures for insurance, up to the following coverage limits:
Appears in 4 contracts
Samples: Interlocal Cooperation Contract, Interlocal Cooperation Contract, Interlocal Cooperation Contract
