The Task Force requires each grantee to maintain an inventory report of all equipment purchased with grant funds. This report must comport with the final financial expenditure report. At least once each year, grantees must complete a physical inventory of all grantee property and the grantee must reconcile the results with the existing property records.

Source Note:The provisions of this §173.305 adopted to be effective November 13, 2002, 27 TexReg 10587.