Nonexpendable personal property definition

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 (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 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

  • Non-expendable personal property is defined as property which will not be consumed or lose its identity during the contract term, has a value of $100.00 or more at the time of purchase, and is expected to have a useful life of one year or more.

  • Non-expendable personal property shall not be purchased by the Contractor from funds from this Contract unless OEWD has given its approval.

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

  • Nonexpendable personal property purchased by the Contractor under the terms of this Contract in which title is vested in the City shall not be rented, loaned or otherwise passed to any person, partnership, corporation/association or organization without the prior expressed written approval of the City or its authorized representative, and such property shall, unless otherwise provided herein or approved by the City or its authorized representative, be used only for the performance of this Contract.


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.