Procurement and Assets. 23.6.1 PISOTA shall comply with all requirements in federal and state law and regulations and County Board policies and Superintendent’s rules (including those stated in the CCPS Procurement Manual) concerning the purchase and acquisition of supplies, equipment, services, and assets.
Procurement and Assets. Assets having a durability of not less than one year and purchased for partnership activities will remain the property of MS Nepal for the duration of the partnership. An assets register for these assets must be maintained, updated and forwarded to MS Nepal on an annual basis. [partner] will bear the responsibility of securely keeping in custody of all assets. At the end of the partnership co-operation all assets will normally be handed over to the [partner]. If, during the partnership period, [partner] does not fulfil its obligations mentioned in the partnership agreement or the organisation ceases to exist, assets will be returned to MS Nepal. A decision to eventually hand over assets to groups of beneficiaries or a like-minded organisation will be made solely by MS Nepal.
