Nonexpendable personal property

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

Source

7 CFR § 277.2

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Scoping language

For the purpose of this part the term:

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