Common use of Disposition of Project Property Clause in Contracts

Disposition of Project Property. A. If the property is not continuously used for public passenger transportation in a manner similar to that intended by the application, the AGENCY shall immediately notify the DEPARTMENT. This provision shall also be triggered upon receipt of replacement equipment or facilities. The DEPARTMENT shall then determine whether the property should be transferred to another duly designated public transit system for continued use in public transportation. If the DEPARTMENT determines there is no need for the property, after making the equipment available for transfer, the DEPARTMENT may authorize local disposal. Upon receipt of such authorization, the AGENCY shall then dispose of such property, whether funded with state or federal assistance, in accordance with 49 CFR 18 (Appendix T). The following represents a summary of those provisions:

Appears in 10 contracts

Samples: Transit Joint Participation Agreement, Transit Joint Participation Agreement, Transit Joint Participation Agreement

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