- (1) Each eligible entity shall develop procedures for control of property and equipment that comply with 45 CFR Part 75.
(2) The procedures described in Section R990-100-16 shall include:
- (a) an effective system of authorization and approval of equipment purchase;
- (b) accounting practices for recording assets;
- (c) detailed records of individual assets which are maintained and periodically balanced with the general ledger accounts;
- (d) effective procedures for authorizing and accounting for equipment disposal; and
- (e) secure storage of property and equipment.
KEY: antipoverty programs, grants, community action programs
Date of Last Change: August 15, 2022
Notice of Continuation: June 28, 2022
Authorizing, and Implemented or Interpreted Law: 35A-8-1004