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disposition plan will comply with the private industry provisions of ~361.014(b) of the TEXAS HEALTH & SAFETY CODE Ai'\fN. In cases where SUBCONTRACTOR fails to take appropriate disposition actions, CAPCO may direct SUBCONTRACTOR to take excess and disposition actions. The disposition instructions may provide for one of the alternatives as set forth in this Section. 1. Retain title, sell, or otherwise disposed of with no obligation to compensate CAPCO. 2. Retain title after compensating CAPCO. If CAPCO is compensated by the SUBCONTRACTOR for property acquired using funds provided under this Agreement, CAPCO will in turn compensate the TCEQ or, upon authorization by the TCEQ, use those funds for other projects or activities that support this or similar future programs conducted by the TCEQ. The amount due will be computed by applying the percentage of state-funded participation in the cost of the original purchase to the fair market value of the property. 3. Sell the property and compensate CAPCO. If CAPCO is compensated the SUBCONTRACTOR for property acquired using funds provided under this Agreement, CAPCO will in turn compensate the TCEQ or, upon authorization by the TCEQ, use those funds for other projects or activities that support the goals of this or similar future programs conducted by the TCEQ. The amount due will be calculated by applying CAPCO's percentage of participation in the cost of the original purchase to the proceeds of the sale after deduction of any actual and reasonable selling and fixing-up expenses. If the grant is still active, the net proceeds from sale may be offset against the original cost of the property. When SUBCONTRACTOR is directed to sell property, sales procedures shall be followed that provide for competition to the extent practicable and result in the highest possible return. 4. Transfer title to CAPCO or to a third-party designated/approved by the TCEQ. If the SUBCONTRACTOR participated financially in the original purchase of the property, the SUBCONTRACTOR may be authorized payment from the receiving party of an amount calculated by applying the percentage of the participation in the original purchase of the property to the current fair market value of the property. i) Items of property with a current per-unit fair market value of less than $1,000 may be retained, sold or otherwise disposed of by the SUBCONTRACTOR with no further obligation to CAPCO. Methods used to determine per-unit fair market value must be documented, kept on file and made available to CAPCO and the TCEQ upon request. Article 7: Compliance with Applicable Laws The SUBCONTRACTOR shall give all notices and comply with all laws, ordinances, rules, regulations and order of any public authority bearing on the performance of this Contract including, but not limited to, the laws referred to in this Contract. If the SUBCONTRACTOR or CAPCO observes that this Contract is at variance, the observing party shall promptly notify the other party in writing, and any necessary changes shall be addressed by appropriate Contract modification. On request, the SUBCONTRACTOR shall furnish CAPCO modification. The main governing standards include, but may not be limited to the following: (a). Section 361.014, TEX. HEALTH & SAFETY CODE ANN; (b). Section 330.569 of the TCEQ Municipal Solid Waste Regulations (30 TAC Chapter 330); and CAPCO FY2003 Solid Waste Inter/oeal Contract 10