Excess property definition

Excess property means property under the control of any Federal awarding agency that, as determined by the head thereof, is no longer re- quired for its needs or the discharge of its responsibilities.
Excess property means property under the control of DOL that, as de- termined by the Secretary of Labor, is no longer required for its needs or the discharge of its responsibilities.
Excess property means property under the control of the Bureau which, as determined by the Commissioner, is no longer required for its needs.

Examples of Excess property in a sentence

  • Excess property should undergo the normal property disposal process; however, if the property cannot be utilized, transferred, donated, sold, or it is not cost-effective to perform any of these processes, the property can be abandoned or destroyed using appropriate guidelines in this chapter.

  • Excess property may be donated in lieu of A&D without GSA approval as long as the property is donated to a public entity.

  • U.S. Department of Defense’s (DOD) 1033 Program: The 1033 program allows the transfer, without charge, of excess DOD property (supplies and equipment) to LEAs. Excess property transferred to LEAs is designated in two ways — controlled or non‐controlled.


More Definitions of Excess property

Excess property means that portion of a parcel of improved or unimproved real property controlled by the state of Missouri, which is temporarily vacant or is not fully utilized by the holding agency; and
Excess property means property under the control of the DoC that, as determined by the Grants Officer after coordination with the authorized prop- erty official, is no longer required for DoC needs or the discharge of its re- sponsibilities.
Excess property means any property which has a remaining useful life but which is no longer required by the using agency in possession of the property.
Excess property means personal property that is no longer needed by the custodial departments. The term includes usable and unusable items that have been replaced or that have become obsolete. It also includes property that is in excess of current requirements of the custodial departments, or is damaged, inoperable or not economical for the custodians to repair and maintain.
Excess property means personal property that is still usable but is no longer needed in a school building or instructional program or administrative office and is not required as a trade-in on a replacement purchase.
Excess property means any property under the control of any Executive agency that is not required for the agency’s needs or the discharge of its responsibilities, as determined by the head of the agency pursuant to 40 U.S.C. 524.
Excess property means property in the Disputed Claims Reserve that Reorganized Kodak determines in its discretion should be made available for Distribution to the Holders of General Unsecured Claims, including because a Disputed General Unsecured Claim for which Distributions have been held in the Disputed Claims Reserve has been finally disallowed or resolved for a lesser amount than had been reserved with respect to such claim.