Resolutions - Jersey City

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1) A description of the equipment. ..
2) Manufacturer's serial number, model number, federal stock number, national
stock number or other identification number.
3) Sourceofthe equipment, including the award number.
4) Whether title vests in the recipient or the Federal Governent.
5)
xv. Procurement Standards.
Acquisition date. (or date received, if the equipment was . furnhed by the
Fedenil Governent) and cost.
6) Information from which one can calculate the percentage of Federal
paricipation in the cost of the equipment (not applicable to equipment
furnhed by the Federal Governent).
7) Location and condition of the equipment and the date the information was
reported.
8) Unit acquisition cost.
9) Ultimate disposition data, including date of disposal and .sales price or the
method used to dete~e current fair market value where a recipient
compensates the federal awarding agency for its share.
b. Equipment owned by the Federal Goverent shall be identified to indicate federal
ownership.
c. A physical inventory of equipment shall be taken and the results reconciled with the
quantities
determed by the physical inpection and those shown in the accounting recrds sha
equipment records at least once every two years.. Any differences between
need for the equipment. ..
be investigated to determe the causes of the difference. The recipient shall, in,
connection with the inventory, verify the exitence, current utilation and continued
A. .Purchasing.equipment, goods and services under thi grant is the responsibilty of the Subgrantee,
unless other arrangements have been authoried in wrting.
B. Procurement of supplies, equipment and other servces with fuds provided by this grant shal be
accomplihed in a maner generally consistent with state requirements. Local units of governent
and nongovernental organations must follow their respective policies and procedures governg
procurement.
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