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TITLE 1ADMINISTRATION
PART 3OFFICE OF THE ATTORNEY GENERAL
CHAPTER 54SPECIAL PROGRAMS
SUBCHAPTER ACHOOSE LIFE GRANT PROGRAM
DIVISION 3GRANT BUDGET REQUIREMENTS
RULE §54.35Equipment

(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.


Source Note: The provisions of this §54.35 adopted to be effective May 26, 2013, 38 TexReg 2975

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