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 Department that, as determined by the head there- of, is no longer required for its needs or the discharge of its responsibilities.

Examples of Excess property in a sentence

• The sale or exchange of excess property for other state-needed real estate interests returns revenue to the state or minimizes capital outlay.Benefit: MDOT benefits by reducing the inventory of state-owned property and generating revenue or receiving other benefit.Funding Source: N/A - revenue generating.Commitment Level: Excess property is appraised to determine fair market value.

• Proposals packages must clearly be marked as “Response to Request for Bids/Proposals, Excess property disposal” List the parcel number or numbers on the sealed bid.

• Excess property means property that the recipient determines is no longer required for its needs or fulfillment of its responsibilities, and has not met its useful life under the recipient’s Grant or Cooperative Agreement.

• Excess property will not be included in countable resources as long as reasonable efforts to sell it have been unsuccessful.

• Excess property means property under the control of any Federal agency which, as determined by the head thereof, is no longer required for its needs.

More Definitions of Excess property

Excess property means property under the control of the Bureau which, as determined by the Commissioner, is no longer required for its needs.

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 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 which exceeds the requirement of the department or agency to which the property is assigned.

Excess property means property under the control of any awarding agency that, as determined by the head thereof, is no longer required for its needs or the discharge of its respon- sibilities.

Excess property means any property that has a remaining useful life but which is no longer required by the using agency in possession of the property.

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.