Non-Expendable Property Defined Sample Clauses
The 'Non-Expendable Property Defined' clause establishes what constitutes non-expendable property within the context of the agreement. Typically, this refers to items that are durable, have a significant value, and are not intended to be consumed or disposed of during normal operations—such as equipment, machinery, or tools. By clearly defining which assets are considered non-expendable, the clause ensures proper tracking, accountability, and management of valuable property, thereby reducing the risk of loss or misuse.
Non-Expendable Property Defined. For the requirements of this section of the Agreement, “non-expendable property” is the same as “property” as defined in Section 273.02, F.S. (equipment, fixtures, and other tangible personal property of a non- consumable and non-expendable nature, with a value or cost of $1,000.00 or more, and a normal expected life of one (1) year or more; hardback-covered bound books that are circulated to students or the general public, with a value or cost of $25.00 or more; and uncirculated hardback-covered bound books, with a value or cost of $250.00 or more).
Non-Expendable Property Defined. For the requirements of this section of the Agreement, “non-expendable property” is the same as “property” as defined in Section 273.02, F.S. (equipment, fixtures, and other tangible personal property of a non-