2 403 Exhibit AD isposition of Equipment by WV05FP

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									                                                                                                        2.403 EXHIBIT A
Updated February 2011



                                    DISPOSITION OF EQUIPMENT PROCEDURES



The disposition of equipment purchased with federal dollars will be made as follows:

    1. Items of equipment with a current per-unit fair market value of less than $5,000.00 may be
       retained, sold, or otherwise disposed of with no further obligation to the awarding agency.

    2. Items of equipment with a current per-unit fair market value in excess of $5,000.00 may be
       retained or sold and the awarding agency shall have a right to an amount calculated by
       multiplying the current market value or proceeds from sale by the awarding agency’s share of
       the equipment.




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Legal References:

Education Department of General Administration Regulations (EDGAR) 43 Subtitle A Part 80.32(c)(1)-(2)

								
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