Nonexpendable personal property definition

Nonexpendable personal property means tangible (i.e., physical) personal property of a non-consumable nature, with a value of $500 or more per item, with a normal expected life of one or more years, not fixed in place, and not an integral part of a structure, facility or another piece of equipment.

Nonexpendable personal property means tangible personal property having a useful life of more than one (1) year and an acquisition cost of $500 or more per unit.

Nonexpendable personal property means tangible personal property having a useful life of more than one year and an acquisition cost of $500 or more per unit or unless stated differently in the Specific Terms of the Contract.

Examples of Nonexpendable personal property in a sentence

• Nonexpendable personal property with a unit acquisition cost of $1,000 or more.

• Nonexpendable personal property means tangible personal property having a useful life of more than one year and an acquisition cost of $300 or more per unit.

• Non-expendable personal property, for purposes of this contract, is defined as 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.(b) Reporting Requirement: To be inserted following the text of the (48 CFR) FAR clause.

• Non-expendable personal property, for purposes of this contract, is defined as 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.

• Nonexpendable personal property (equipment) acquired with grant funds shall be properly maintained and accounted for as set forth below.

More Definitions of Nonexpendable personal property

Nonexpendable personal property means tangible personal property having a useful life of more than one year and an acquisition cost of one thousand dollars ($1,000.00) or more per unit.

Nonexpendable personal property means tangible personal property hav- ing useful life of more than one year and an acquisition cost of $300 or more per unit. A grantee may use its own definition of nonexpendable personal property provided that such definition would at least include all tangible per- sonal property as defined above.

Nonexpendable personal property means any single item with a purchase price of $100 or more and a life expectancy of more than twelve months

Nonexpendable personal property means tangible per- sonal property having a useful life of more than one year and unit acquisition cost of $500 or more.

Nonexpendable personal property means tangible personal property having a useful life of more than one year and an acquisition cost of three hundred dollars or more per unit.

Nonexpendable personal property means tangible personal

Nonexpendable personal property means tangible personal property having a useful life of more than one year and/or acquisition cost of $5,000 or more per unit.