Section 20.40.340. Property management.

	(a)  A grantee shall maintain accurate property records as well as effective inventory, control, and maintenance procedures for non-expendable personal property acquired with the grant. Records must include the following information:  
		(1) a description of the property and the manufacturer's serial number or other identification number;  
		(2) the grant project under which the property was acquired;  
		(3) the acquisition date and cost of the property;  
		(4) the percentage of the total cost of the property paid by the grant;  
		(5) the location, use, and condition of the property and the date on which that information was recorded;  
		(6) if the grantee disposes of the property, the disposition of the property, including the date of its disposal and its sales price or the method used to determine its fair market value at disposition.  
	(b)  A grantee shall maintain a control system to ensure adequate safeguards to prevent loss, damage, or theft of non-expendable personal property of the grant project. A grantee shall provide for the investigation and full documentation of a loss, damage, or theft of non-expendable personal property of the grant project.  
	(c)  Repealed 5/11/2012.  

Authorities

37.14.045;47.30.031;47.30.051;47.30.056

Notes

Authority

AS 37.14.045 AS 47.30.031 AS 47.30.051 AS 47.30.056

History

Eff. 10/24/2004, Register 172; am 5/11/2012, Register 202; am 3/12/2016 Register 217