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§ 324.2. Disposition of Equipment.

3 CA ADC § 324.2Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 3. Food and Agriculture
Division 1. Administration
Chapter 5. Grant Administration
3 CCR § 324.2
§ 324.2. Disposition of Equipment.
Currentness
(a) If equipment purchased during the term of the grant has a fair market value of less than $5,000 at the close of a grant agreement, it is no longer considered equipment and is not subject to the requirements governing equipment.
(b) If the fair market value is $5,000 or more at the close of the grant agreement, the use, management, and disposition of the equipment is subject to approval by the Department. These requirements apply until the fair market value of the equipment is $5,000 or less.
(c) A request for disposition of equipment shall be submitted to the Department for approval. The request shall include:
(1) The current fair market value of the equipment.
(2) A description of the proposed disposition.
(3) The signature of an authorized representative.
(d) Requests shall be approved or denied, or an alternate disposition offered, by the Department no later than 30 business days from the date the request for disposition is received.

Credits

Note: Authority cited: Sections 407 and 485, Food and Agricultural Code. Reference: Sections 201, 401, 401.5, 404 and 485, Food and Agricultural Code; and Section 18901.2, Revenue and Taxation Code.
History
1. New section filed 9-21-2016; operative 1-1-2017. Exempt from Administrative Procedure Act pursuant to Food and Agricultural Code Section 485(d), which provides “Procedures, forms, and guidelines established for these grant programs, including the application process, are exempt from Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code.” (Register 2016, No. 39).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 3, § 324.2, 3 CA ADC § 324.2
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