Non-Expendable Property definition

Non-Expendable Property. Any non-expendable property purchased from funds budgeted in this contract shall remain the property of the Manchester Public Schools.
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Non-Expendable Property is defined as property which meets all three (3) of the following criteria: will not be consumed or lose its identity and which costs $1,000.00 or more per unit and is expected to have a useful life of one year or more. The Contractor shall keep a written Inventory Record of all such property purchased using funds under this Contract: by description, model, serial number, and in such other manner and form, and at such time(s) and for such periods as prescribed by the CTDOL.
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Examples of Non-Expendable Property in a sentence

  • The Contractor shall maintain and make available a filing system for Department Non-Expendable Property Transfer/Reassignment forms (form # DH-60) in order to ensure accountability of equipment disposal.

  • COST CATEGORY FISCAL YEAR ESTIMATES To Project 01-01-01 09-30-01 N-2 10-01-01 03-31-02 Non-Expendable Property non-expendable property.

  • The ledger may contain but not be limited to the data presented in the Non-Expendable Property & Assets Report mentioned hereafter.

  • The Contractor shall review and deliver, within thirty (30) days of receipt, fully executed Close- Out Package documents (including, but not limited to: Close-out Package Summary Sheet; Contractor Assignment of Refunds, Rebate and Credits; Contractor Release; contract Close-out Tax Certification; and Non-Expendable Property Listing).