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EXHIBIT D <br />PROPERTY MANAGEMENT STANDARDS <br />1. This attachment prescribes uniform standards governing the utilization and disposition of <br />property furnished by the Federal government or acquired in whole or in part with Federal funds <br />by State and local governments. Federal grantor agencies shall require State and local <br />governments to observe these standards under grants from the Federal Government and shall <br />not impose additional requirements unless specifically required by Federal law. <br />2. The following definitions apply for the purpose of this attachment. <br />a. Real Property. Real property means land, land improvements, structures and appurtenances <br />thereto, excluding moveable machinery and equipment. <br />b. Personal Property. Personal property means property of any kind except real property. It <br />may be tangible -- having physical existence, or intangible -- having no physical existence, such <br />as patents, inventions, and copyrights. <br />c. Nonexpendable personal property. Nonexpendable personal property means tangible <br />personal property having a useful life of more than one year and an acquisition cost of $300 or <br />more per unit. A grantee may use its own definition of nonexpendable personal property <br />provided that such definition would at least include all tangible personal property as defined <br />above. <br />d. Expendable personal property. Expendable personal property refers to all tangible personal <br />property other than nonexpendable property. <br />e. Excess property. Excess property means property under the control of any Federal grantor <br />agency which, as determined by the head thereof, is no longer required for its needs. <br />3. Each Federal grantor agency is required to prescribe requirements for grantees concerning <br />the use of real property funded partly or wholly by the Federal Government. Accordingly, the <br />following requirements apply to Recipient. <br />a. Recipient shall use the real property for the authorized purpose of the original grant as <br />needed. <br />b. Recipient shall obtain approval by City pursuant to the terms of the Loan Agreement for <br />the use of the real property in other projects when City determines that the property is no <br />longer needed for the original grant purposes. <br />c. When the real property is no longer needed as provided in a. and b., above, Recipient <br />shall return all real property furnished or purchased wholly with Federal grant funds to <br />the control of City. In the case of property purchased in part with Federal grant funds, <br />Recipient may be permitted to take title to any remaining Federal interest therein upon <br />compensating the Federal Government for its fair share of the property. The Federal <br />share of the property shall be the amount computed by applying the percentage of the <br />