Common use of Equipment and Property Clause in Contracts

Equipment and Property. All equipment and property acquired by Grantee, with funds awarded under this Grant Agreement, are subject to all applicable laws and governing authority including, but not limited to, applicable provisions of 2 CFR 200 and TxGMS. System Agency funds must not be used to purchase buildings or real property without prior written approval from System Agency. Any costs related to the initial acquisition of the buildings or real property are not allowable without written pre-approval.

Appears in 73 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement