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EXHIBIT E <br />PROPERTY MANAGEMENT STANDARDS <br />1. This attachment prescribes uniform standards governing the utilization and <br />disposition of property furnished by the Federal Government or acquired in whole <br />or in part with Federal funds by State and local governments. Federal grantor <br />agencies shall require State and local governments to observe these standards <br />under grants from the Federal Government and shall not impose additional <br />requirements unless specifically required by Federal law. The grantees shall be <br />authorized to use their own property management standards and procedures as <br />long as the provisions of this attachment are included. <br />2. The following definitions apply for the purpose of this attachment: <br />a. Real property. Real property means land, land improvements, structures <br />and appurtenances thereto, excluding movable machinery and equipment. <br />b. Personal property. Personal property means property of any kind except <br />real property. It may be tangible -- having physical existence, or intangible -- <br />having no physical existence, such as patents, inventions, and copyrights. <br />c. Nonexpendable personal property. Nonexpendable personal property <br />means tangible personal property having a useful life of more than one year <br />and an acquisition cost of $300 or more per unit. A grantee may use its own <br />definition of nonexpendable personal property provided that such definition <br />would at least include all tangible personal property as defined above. <br />d. Expendable personal property. Expendable personal property refers to all <br />tangible personal property other than nonexpendable property. <br />e. Excess property. Excess property means property under the control of any <br />Federal agency which, as determined by the head thereof, is no longer <br />required for its needs. <br />3. Each Federal grantor agency shall prescribe requirements for grantees concerning <br />the use of real property funded partly or wholly by the Federal Government. <br />Unless otherwise provided by statute, such requirements, as a minimum, shall <br />contain the following: <br />Page 24 <br />Docusign Envelope ID: 33CB29C8-7F00-4973-826F-FE9B0CEAAEFB