Nonexpendable property definition

Nonexpendable property. (also: Agreement Property) means tangible property having a useful life of more than one year and an acquisition cost of $5,000 or greater per unit.
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Nonexpendable property means all property having a unit cost and useful life which is set by rules adopted by the policy board.
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Examples of Nonexpendable property in a sentence

  • Nonexpendable property is defined as having a useful life of at least two years and an acquisition cost of $5,000 or more.

  • Nonexpendable property is defined as having a useful life of at least two years and an acquisition cost of five thousand dollars ($5,000) or more.

  • Nonexpendable property is defined as having a useful life of at least two years and an acquisition cost of Five Thousand Dollars ($5,000) or more.

  • Nonexpendable property is defined as having a useful life of at least one year and an acquisition cost of $5,000 or more.

  • Non-expendable property purchased under this contract cannot be sold, traded, or disposed of in any manner without the expressed written permission of the Department.

  • Non-expendable property is defined as property or equipment having a value of $5000 or more with a life expectancy of more than one year.

  • Nonexpendable property is defined as having a useful life of at least two (2) years and an acquisition cost of Five Thousand Dollars ($5,000) or more.

  • Non-expendable property is defined as tangible personal property of a non-consumable nature that has a unit acquisition cost of $1,000 or more and an expected useful life of at least one year; and hardback books that are not circulated to students or the general public, the value or cost which is $250 or more.

  • Non-expendable property is defined as property which will not be consumed or lose its identity and which costs $5,000.00 or more per unit and is expected to have a useful life of one year or more.

  • Nonexpendable property, defined as property having an acquisition cost of $5,000.00 or more with a life expectancy of more than one year is subject to periodic inspection by the DEPARTMENT.