Equipment 650-25-35

(Revised 7/1/19 ML #3552)

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1. Equipment procured with funds derived from the contract and/or program income is considered federal property.
2. Equipment purchases cannot be made with Older American Act funds or program income unless written approval is granted by the Department.
3. Upon request, each contract entity must submit to Aging Services Division an inventory listing of equipment purchased with Older Americans Act funds, including program income, which has a unit acquisition cost of $5000 or more. The inventory listing must include a description of the equipment, the serial number or other identification number (if applicable), source of the equipment, including contract award number, the acquisition date, acquisition price, OAA fund portion, local fund portion, the location and condition of the equipment, and ultimate disposition data including the date of disposal and sales price or the method used to determine current fair market value where a contract entity compensates the Department for its share. Original invoices for equipment purchases should be kept on file.
4. The Department reserves the right to transfer any equipment in accordance with applicable federal regulations.
5. When equipment is no longer used in a program currently or previously sponsored by the Federal Government, disposition of the equipment must be made in accordance with applicable federal regulations.