(a) "Equipment" is defined as an article of non-expendable,
tangible personal property having a useful life of more than one (1)
year and a per unit acquisition cost which equals the lesser of:
(1) the capitalization level established by the grantee
for financial statement purposes; or
(2) $5,000.
(b) A grantee may use equipment paid for with OAG funds
only for grant-related purposes and not for personal or non-grant-related
purposes.
(c) Grant funds may not be used to fund the purchase
or lease of vehicles.
|