Common use of Capital Assets Clause in Contracts

Capital Assets. The parties hereby acknowledge that TDCJ and the CMHCC’s University Providers are each subject to the provisions of Texas Government Code Chapter 403, Subchapter L. The parties further acknowledge that each entity is responsible for compliance with the rules and procedures for accounting for state property promulgated by the Comptroller of Public Accounts pursuant to that law, including the proper recording of Capital Assets on the State Property Accounting (SPA) System. The parties agree to abide by Capital Asset value limitations and definitions established for the State Property Accounting System and nothing in this Agreement changes the reporting thresholds established by the SPA System.

Appears in 5 contracts

Samples: Agreement Between Correctional Managed, Agreement Between Correctional Managed, www.tdcj.texas.gov

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Capital Assets. The parties hereby acknowledge that TDCJ and the CMHCC’s University Providers are each subject to the provisions of Texas Government Code Chapter 403, Subchapter L. The parties further acknowledge that each entity is responsible for compliance with the rules and procedures for accounting for state property promulgated by the Comptroller of Public Accounts pursuant to that law, including the proper recording of Capital Assets on the State Property Accounting (SPA) System. The parties agree to abide by Capital Asset value limitations and definitions established for the State Property Accounting System and nothing in this Agreement changes the reporting thresholds established by the SPA System.

Appears in 3 contracts

Samples: Correctional Health Services, www.tdcj.texas.gov, www.tdcj.texas.gov

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