Nonexpendable personal property

Nonexpendable personal property means tangible personal property having useful life of more than one year and an acquisition cost of $300 or more per unit. A grantee may use its own definition of nonexpendable personal property provided that such definition would at least include all tangible personal property as defined above.

Source

25 CFR § 276.2


Scoping language

As used in this part:

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