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Page 17 <br />EXHIBIT E <br /> <br />PROPERTY MANAGEMENT STANDARDS <br /> <br /> <br />1. This attachment prescribes uniform standards governing the utilization and disposition of property furnished <br />by the Federal Government or acquired in whole or in part with Federal funds by State and local governments. <br />Federal grantor agencies shall require State and local governments to observe these standards under grants <br />from the Federal Government and shall not impose additional requirements unless specifically required by <br />Federal law. The grantees shall be authorized to use their own property management standards and <br />procedures as long as the provisions of this attachment are included. <br /> <br />2. The following definitions apply for the purpose of this attachment: <br /> <br />a. Real property. Real property means land, land improvements, structures and appurtenances <br />thereto, excluding movable machinery and equipment. <br /> <br />b. Personal property. Personal property means property of any kind except real property. It may be <br />tangible -- having physical existence, or intangible -- having no physical existence, such as patents, <br />inventions, and copyrights. <br /> <br />c. Nonexpendable personal property. Nonexpendable personal property means tangible personal <br />property having a useful life of more than one year and an acquisition cost of $300 or more per unit. <br />A grantee may use its own definition of nonexpendable personal property provided that such <br />definition would at least include all tangible personal property as defined above. <br /> <br />d. Expendable personal property. Expendable personal property refers to all tangible personal property <br />other than nonexpendable property. <br /> <br />e. Excess property. Excess property means property under the control of any Federal agency which, <br />as determined by the head thereof, is no longer required for its needs. <br /> <br />3. Each Federal grantor agency shall prescribe requirements for grantees concerning the use of real property <br />funded partly or wholly by the Federal Government. Unless otherwise provided by statute, such <br />requirements, as a minimum, shall contain the following: <br /> <br />a. The grantee shall use the real property for the authorized purpose of the original grant as long as <br />needed. <br /> <br />b. The grantee shall obtain approval by the grantor agency for the use of the real property in other <br />projects when the grantee determines that the property is no longer needed for the original grant <br />purposes. Use in other projects shall be limited to those under other Federal grant programs, or <br />programs that have purposes consistent with those authorized for support by the grantor. <br /> <br />c. When the real property is no longer needed as provided in a. and b., above, the grantee shall return <br />all real property furnished or purchased wholly with Federal grant funds to the control of the Federal <br />grantor agency. In the case of property purchased in part with Federal grant funds, the grantee may <br />be permitted to take title to the Federal interest therein upon compensating the Federal Government <br />for its fair share of the property. The Federal share of the property shall be the amount computed <br />Docusign Envelope ID: EEA84CD8-9F2A-452A-B60D-5EAA5D6E393D