Common use of NONEXPENDABLE PROPERTY Clause in Contracts

NONEXPENDABLE PROPERTY. 1. For the requirements of this Section of the Contract, "nonexpendable property" is the same as “property” as defined in section 273.02, F.S. (equipment, fixtures, and other tangible personal property of a non-consumable and nonexpendable nature, with a value or cost of 2. All nonexpendable property, purchased under this Contract, shall be listed on the property records of Contractor. Contractor shall inventory annually and maintain accounting records for all nonexpendable property purchased and submit an inventory report to DEO with the final expenditure report. The records shall include, at a minimum, the following information: property tag identification number, description of the item(s), physical location, name, make or manufacturer, year, and/or model, manufacturer’s serial number(s), date of acquisition, and the current condition of the item. 3. At no time shall Contractor dispose of nonexpendable property purchased under this Contract for these services without the written permission of and in accordance with instructions from DEO. 4. Immediately upon discovery, Contractor shall notify DEO, in writing, of any property loss with the date and reason(s) for the loss. 5. Contractor shall be responsible for the correct use of all nonexpendable property furnished under this Contract. 6. A formal Contract amendment is required prior to the purchase of any item of nonexpendable property not specifically listed in the approved Contract budget. 7. Title (ownership) to all nonexpendable property acquired with funds from this Contract shall be vested in DEO and said property shall be transferred to DEO upon completion or termination of the Contract unless otherwise authorized in writing by DEO.

NONEXPENDABLE PROPERTY. 1. For the requirements of this Section of the ContractAgreement, "nonexpendable property" is the same as “property” as defined in section 273.02, F.S. F.S., (equipment, fixtures, and other tangible personal property of a non-consumable and nonexpendable nature, with a value or cost of 2. All nonexpendable property, purchased under this ContractAgreement, shall be listed on the property records of ContractorGrantee. Contractor Grantee shall inventory annually and maintain accounting records for all nonexpendable property purchased and submit an inventory report to DEO with the final expenditure report. The records shall include, at a minimum, the following information: property tag identification number, description of the item(s), physical location, name, make or manufacturer, year, and/or model, manufacturer’s serial number(s), date of acquisition, and the current condition of the item. 3. At no time shall Contractor Grantee dispose of nonexpendable property purchased under this Contract Agreement for these services without the written permission of and in accordance with instructions from DEO. 4. Immediately upon discovery, Contractor Grantee shall notify DEO, in writing, of any property loss with the date and reason(s) for the loss. 5. Contractor Grantee shall be responsible for the correct use of all nonexpendable property furnished under this ContractAgreement. 6. A formal Contract Agreement amendment is required prior to the purchase of any item of nonexpendable property not specifically listed in the approved Contract Agreement budget. 7. Title (ownership) to all nonexpendable property acquired with funds from this Contract Agreement shall be vested in DEO and said property shall be transferred to DEO upon completion or termination of the Contract Agreement unless otherwise authorized in writing by DEO.

NONEXPENDABLE PROPERTY. 1. For the requirements of this Section section of the Contract, "nonexpendable property" is the same as “property” as defined in section 273.02, F.S. (equipment, fixtures, and other tangible personal property of a non-consumable and nonexpendable nature, with a value or cost of 2. All nonexpendable property, purchased under this Contract, shall be listed on the property records of Contractor. Contractor shall inventory annually and maintain accounting records for all nonexpendable property purchased and submit an inventory report to DEO with the final expenditure report. The records shall include, at a minimum, the following information: property tag identification number, description of the item(s), physical location, name, make or manufacturer, year, and/or model, manufacturer’s serial number(s), date of acquisition, and the current condition of the item. 3. At no time shall Contractor dispose of nonexpendable property purchased under this Contract for these services without the written permission of and in accordance with instructions from DEO. 4. Immediately upon discovery, Contractor shall notify DEO, in writing, of any property loss with the date and reason(s) for the loss. 5. Contractor shall be responsible for the correct use of all nonexpendable property furnished under this Contract. 6. A formal Contract contract amendment is required prior to the purchase of any item of nonexpendable property not specifically listed in the approved Contract contract budget. 7. Title (ownership) to all nonexpendable property acquired with funds from this Contract shall be vested in DEO and said property shall be transferred to DEO upon completion or termination of the Contract unless otherwise authorized in writing by DEO.

NONEXPENDABLE PROPERTY. 1. For the requirements of this Section section of the Contract, "nonexpendable property" is the same as “property” as defined in section 273.02, F.S. (equipment, fixtures, and other tangible personal property of a non-consumable non‐consumable and nonexpendable nature, with a value or cost of 2. All nonexpendable property, purchased under this Contract, shall be listed on the property records of Contractor. Contractor shall inventory annually and maintain accounting records for all nonexpendable property purchased and submit an inventory report to DEO with the final expenditure report. The records shall include, at a minimum, the following information: property tag identification number, description of the item(s), physical location, name, make or manufacturer, year, and/or model, manufacturer’s serial number(s), date of acquisition, and the current condition of the item. 3. At no time shall Contractor dispose of nonexpendable property purchased under this Contract for these services without the written permission of and in accordance with instructions from DEO. 4. Immediately upon discovery, Contractor shall notify DEO, in writing, of any property loss with the date and reason(s) for the loss. 5. Contractor shall be responsible for the correct use of all nonexpendable property furnished under this Contract. 6. A formal Contract contract amendment is required prior to the purchase of any item of nonexpendable property not specifically listed in the approved Contract contract budget. 7. Title (ownership) to all nonexpendable property acquired with funds from this Contract shall be vested in DEO and said property shall be transferred to DEO upon completion or termination of the Contract unless otherwise authorized in writing by DEO.

NONEXPENDABLE PROPERTY. 1. For the requirements of this Section of the ContractAgreement, "nonexpendable property" is the same as “property” as defined in section 273.02, F.S. F.S., (equipment, fixtures, and other tangible personal property of a non-consumable non‐consumable and nonexpendable nature, with a value or cost of 2. All nonexpendable property, purchased under this ContractAgreement, shall be listed on the property records of ContractorGrantee. Contractor Grantee shall inventory annually and maintain accounting records for all nonexpendable property purchased and submit an inventory report to DEO with the final expenditure report. The records shall include, at a minimum, the following information: property tag identification number, description of the item(s), physical location, name, make or manufacturer, year, and/or model, manufacturer’s serial number(s), date of acquisition, and the current condition of the item. 3. At no time shall Contractor Grantee dispose of nonexpendable property purchased under this Contract Agreement for these services without the written permission of and in accordance with instructions from DEO. 4. Immediately upon discovery, Contractor Grantee shall notify DEO, in writing, of any property loss with the date and reason(s) for the loss. 5. Contractor Grantee shall be responsible for the correct use of all nonexpendable property furnished under this ContractAgreement. 6. A formal Contract Agreement amendment is required prior to the purchase of any item of nonexpendable property not specifically listed in the approved Contract Agreement budget. 7. Title (ownership) to all nonexpendable property acquired with funds from this Contract Agreement shall be vested in DEO and said property shall be transferred to DEO upon completion or termination of the Contract Agreement unless otherwise authorized in writing by DEO.