PROPERTY MANAGEMENT REQUIREMENTS. A. Property insurance coverage will be provided by the Grantee for fire and extended coverage of any equipment funded under this Agreement which DHS retains ownership of and which is in the care, custody, and control of the Grantee.
PROPERTY MANAGEMENT REQUIREMENTS. The awardee shall maintain a property management system that, at a minimum, meets the requirements of 2 CFR §200.313(d).
PROPERTY MANAGEMENT REQUIREMENTS. Edit as necessary for program needs. Remove highlights when done with this section.
PROPERTY MANAGEMENT REQUIREMENTS. The Local Project Sponsor acknowledges that any real property acquired with funds provided under this Agreement shall be managed in accordance with the property management requirements provided in 23 C.F.R. Part 710, Subpart
PROPERTY MANAGEMENT REQUIREMENTS. It is agreed and understood that the CONTRACTOR shall maintain a current inventory of equipment purchased by the CONTRACTOR with Contract funds, and equipment consigned to CONTRACTOR by SCOA/AAA at the beginning of this Contract. Use attached Property Inventory or Transfer Form Annex D.
PROPERTY MANAGEMENT REQUIREMENTS. A. Property insurance coverage will be provided by the GRANTEE for fire and extended coverage of any equipment funded under this Grant Agreement, which the GRANTOR retains ownership of, and which is in the care, custody, and control of the GRANTEE.
PROPERTY MANAGEMENT REQUIREMENTS. (142A) 5/02/2016 (USE IF EQUIPMENT IS IN BUDGET) The Contractor agrees:
PROPERTY MANAGEMENT REQUIREMENTS. If the purchase of equipment is authorized under paragraph 20 of this Agreement, then the Grantee shall comply with the property management requirements set forth in 2 CFR §200.313. An inventory of all personal property/equipment purchased under this Agreement shall be completed at least once every two (2) years and submitted to the Department’s Grant Manager no later than January 31st for each year this Agreement is in effect.
PROPERTY MANAGEMENT REQUIREMENTS. The CONTRACTOR agrees: That all non-expendable personal property purchased, in total or in part, with funds received from the CRC during the term of this contract and all previous contracts is property of the State of Georgia and the Department of Human Services and is subject to the rules and regulations of the Department of Human Services throughout the life and disposition of said property. Said property cannot be transferred or otherwise disposed of without prior written approval of the DHS Office of Facilities and Support Services, Asset Services Section and the CRC’s AAA. To adhere to all policies and procedures as promulgated in the DHS Administrative Policy and Procedures Manual, Part IX, the Property Management Manual, and, if applicable, the Vehicle Management Manual, which are by reference made a part of this contract. CONTRACTOR understands that the requirements for inventory of property (at least every two years) and a control system to safeguard against loss, damage or theft as contained in the property manual shall be followed. That property records shall be maintained accurately and reported on Form #5111, Detailed Equipment Listing, within 30 days after acquisition of such property, to the CRC office. The CRC office will then forward the completed Form #5111 to the DHS Office of Facilities and Support Services, Asset Services Section, Two Peachtree Street, X.X., Xxxxx 00.000, Xxxxxxx, Xxxxxxx 00000-0000. For any Department-owned vehicles operated under this contract, the CONTRACTOR agrees to submit to the Department the Utilization and Data Report furnished by the Asset Services Section in accordance with the DHS Vehicle Management Manual, Chapter 4, Part G. In the event that contract is terminated prior to expiration or is not renewed, CONTRACTOR agrees to properly dispose of all state property as follows: Prepare Form 5086, Equipment Status Change Form, listing all state equipment in the CONTRACTOR’s possession and send this form to the CRC for final disposal determination; and Upon notification by the Office of Facilities and Support Services, CONTRACTOR agrees to transport the state property to the designated State surplus facility. Expenses incurred by the CONTRACTOR in transporting this equipment may be charged to the terminated contract. The CRC property coordinator will confirm, by written notification to the Office of Facilities and Support Services, that all surplus property listed on completed Form 5086 has received proper dispo...
PROPERTY MANAGEMENT REQUIREMENTS a) The Manager shall have the authority to commit Association funds up to five hundred dollars ($500.00) for any single expenditure, providing such commitment does not serve to obligate the Association for more than one year and that it is within the budget authorization. All other expenditures shall require prior approval by the Board of Directors.
