1 Tex. Admin. Code § 54.35 - Equipment
(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.
Notes
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