Res 1997-183 - Laserfiche WebLink

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Equipment is defined as tangible nonexpendable property with an acquisition cost of over $1,000 and a useful life of more than one year, with the following exceptions: fax machines, stereo systems, cameras, video recorder/players, microcomputers, medical equipment, laboratory equipment, and printers. If the unit cost of these exception items is over $500, they will still be considered equipment, must be approved for purchase, and are considered capital assets for inventory purposes. Medical and laboratory equipment in this category is defined as microscopes, oscilloscopes, centrifuges, balances, and incubators. Medical and laboratory equipment not included in these five categories is not considered a capital asset unless the unit value is over $1,000. Unless initially listed and approved in the Attachment(s), prior written approval from RECEIVING AGENCY is required for any additions to, or deletions of, approved equipment purchases meeting the above equipment defmition. To receive approval to purchase data processing hardware and software or enhancements thereto, PERFORMING AGENCY must submit a detailed justification which includes description of features, make and model, and cost, etc. PERFORMING AGENCY shall maintain a property inventory and submit an annual cumulative report (TDH Form GC-11) to RECEIVING AGENCY no later than October 15th of each year. PERFORMING AGENCY shall administer a program of maintenance, repair, and protection of assets under this contract so as to assure their full availability and usefulness. In the event PERFORMING AGENCY is indemnified, reimbursed, or otherwise compensated for any loss of, destruction of, or damage to the assets provided under this contract, it shall use the proceeds to repair or replace said assets. In the event of bankruptcy, PERFORMING AGENCY agrees to sever RECEMNG AGENCY property, equipment, and supplies in possession of PERFORMING AGENCY from the bankruptcy and title reverts to RECEIVING AGENCY. Upon termination or expiration of applicable Attachment(s), title to any remaining equipment and supplies purchased from funds as hereinabove provided reverts to RECEIVING AGENCY. Title may be transferred to any other party designated by RECEIVING AGENCY, provided, however, that RECEIVING AGENCY may, at its option and to the extent allowed by law, transfer title to such property to the PERFORMING AGENCY. ARTICLE 21. Subcontractine: PERFORMING AGENCY may enter into agreements with subcontractors unless restricted or otherwise prohibited in specific Attachment(s). PERFORMING AGENCY agrees that it shall be responsible to RECEIVING AGENCY for the performance of any subcontractor. If PERFORMING AGENCY enters into subcontract agreements, PERFORMING AGENCY agrees that all subcontracts shall be in writing and include the following: . name and address of all parties; . a detailed description of the services to be provided; . measurable method and rate of payment and total amount of the contract; . clearly derIDed and executable termination clause; . beginning and ending dates which coincide with the dates of the applicable contract Attachment(s) or be executed annually; . access to inspect work performed, and the premises on which it is performed, in accordance with the Reports and Inspections Article contained in this contract; and . all clauses required by state/federal statutes, executive orders, and their implementing regulations. PERFORMING AGENCY agrees that all subcontracts containing a categorical budget shall include audit requirements referenced in the Allowable Costs and Audit Requirements Article of this contract, as appropriate. (Independent) 1998 GENERAL PROVISIONS Page 11 (8/97)