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EXHIBIT E <br /> <br />PROPE~FY MANAGEMENT STANDARDS <br /> <br />1. This attachment prescribes uniform standards governing the utilization and <br />disposition of property furnished by the Federal Government or acquired in <br />while or in part with Federal funds by State and local governments. Federal <br />grantor agencies shall require State and local governments to observe these <br />standards under grants from the Federal Government and shall not impose <br />additional requirements unless specifically required by Federal law. The <br />grantees shall be authorized to use their own property management standards <br />and 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 pro~erty. Real <br />structures and appurtenances <br />equipment. <br /> <br />property means land, land improvements, <br />thereto, excluding movable machinery and <br /> <br /> b. Personal pro~erty. ~ Personal property means property of any kind <br />except real property. It may be tangible -- having physical existence, or <br />intangible -- having no physical existence, such as patents, inventions, and <br />copyrights. <br /> <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 /> <br /> d. Ex~endable ~ersonal property. Expendable personal property refers to <br />all tangible personal property other than nonexpendable property. <br /> <br /> e. Excess ~ro~ert~, Excess property means property under the control of <br />any Federal agency which, as determined by the head thereof, is no longer <br />required for its needs. <br /> <br />3. Each Federal grantor agency shall prescribe requirements for grantees <br />concerning the use of real property funded partly or wholly by the Federal <br />Government. Unless otherwise provided by statute, such requirements, as a <br />minimum, shall contain the following: <br /> <br /> a. The grantee shall use the real property for the authorized purpose of <br />the original grant as long as needed. <br /> <br /> <br />