Agreement K2871 - Laserfiche WebLink

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Marketing Service through grant [Insert Agreement Number]. Its contents are solely the responsibility of the authors and do not necessarily represent the official views of the USDA. Note that USDA symbols or logos are only intended for the official use of the USDA . They are expressly excluded from use to imply endorsement of a commercial product or service. The symbol or logo may not be used by anyone outside of USDA without permission. Recipients are strongly encouraged to share with AMS success stories, videos, pictures and other materials that highlight outcomes and accomplishment of their grant agreement. AMS will coordinate any public announcement, press release, press i nterviews, web or-social posting with the AMS Public Affair's Office. 12.0 PROPERTY MANAGEMENT The title to equipment and supplies acquired by the recipient under the award will vest, upon acquisition, in the recipient . Recipients must provide the equivalent insurance coverage for equipment acquired with Federal funds. Recipients are expected to maintain property records that include a description of the property, a serial number or other identification number, the source of funding for the property, who holds title, the acquisition date, and cost of the property, percentage of Federal participation in the project costs for the Federal award under which the property was acquired, the location, use and condition of the property, and any ultimate disposition data including the date of disposal and sale price of the property. This is in addition to the other requirements of use, management, and disposal of equipment and supplies acquired under a grant in accordance with 2 CFR §§ 200.313 and 200.314 . 12.1 Disposition of Equipment and Supplies If the equipment has a per-unit fair market value of less than $5 ,000, and it is no longer needed for the original project or program or for other activities currently or previously supported by a Federal awarding agency , the recipient may retain, sell, or dispose of equipment with no further obligation to AMS. If the equipment has a per-unit fa i r market value of $5,000 or more, and it is no longer needed for the original project or program or for other activities currently or previously supported by a Federal awarding agency, the recipient may retain the equipment and supplies, or they may be sold. If there is a residual inventory of unused supplies exceeding $5,000 in total aggregate value upon termination or completion of the project or program and the supplies are not needed for any other Federal award, the non-Federal entity must retain the supplies for use on other activities or sell them, but must, in either case, compensate the Federal Government for its share. In any of these cases, the recipient acting on its own behalf or as the pass-through entity must complete a: Tangible Personal Property Report Disposition Request/Report (SF-428-C ) durit:'lg the period of performance or Tangible Personal Property Final Report (SF-428-B) at the grantagreement1s closeout. Email this report to AMS as a written disposition request/report. A sample Tangible Personal Property Final Report can be found on the applicable grant program's website. Go to https://www.ams.u sd a,gov/se rvices/grants , click on the applicable grant program website, and then click on "How to Administer the Award" in the left menu bar. AMS will review the request and provide disposition instructions for the equipment and/or supplies . The disposition instructions will notify the recipient that AMS is entitled to an amount calculated as follows: AMS Amount = Current Market value or proceeds from sale of the equipment/supplies X Percentage of AMS participation in the cost of the original purchase If the equipment and/or supplies are sold, the recipient is permitted to deduct and retain from the Federal share $500 or 10 percent of the proceeds, whichever is less, for its sale and handling expenses. 22