2009 - 10-05-09 Regular Meeting - Laserfiche WebLink

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0 0 BOOK 23 PAGF 34 are no longer needed. The College, the State, USDOL, and Comptroller General of the United States, or any of their designees shall have access to all records of any type of the Contractor or its sub-recipient with regard to funded activities. The Contractor's WIA contact person will supply a copy of the WIA contract to the Contractor's Chief Executive Officer, Chief Financial Officer, and Audit Firm when the contract is proposed and then entered into if changed from the proposal. 10. Property (a) The Contractor acknowledges that all non-expendable property, that is, property with a useful life of more than one year and a unit cost of $500 or more, purchased with funds received under this contract or made available to the Contractor by the College or the State specifically for a WIA funded activity, is the sole property of the State. The College may reclaim or relocate non-expendable property hereunder at its discretion, subject to state and federal law. The Contractor, however, may not transfer, relocate or alter the use of any property hereunder without the prior written authorization of the College. The Contractor shall report any non-WIA use of non-expendable property to the College. (b) The Contractor is responsible for the proper identification, inventory and maintenance of all property under its control. The Contractor shall complete and submit to the College an annual inventory listing, clearly identifying WIA property. The Contractor will permit on-site inspections of all property by the College, the State, USDOL, or their designees. The Contractor shall adhere to all properly policy issuances from the College and the State. (e) The Contractor shall procure the prior written approval of the College to initiate any action involving acquisition by purchase, lease or trade, transfer, relation, changed use or disposition of non-expendable property. The Contractor shall not be entitled to recover the costs of acquisition or transfer if such prior written approval is not obtained. (d) The Contractor shall not acquire real property with funds under this Contract without written agreement by the College. (e) The Contractor expressly assigns to the State any right it may acquire by operation of law or otherwise in any property under this Contract. If intangible property on which a patent or copyright is obtainable is developed with funds acquired under this contract, the Contractor acknowledges and agrees to procure the acknowledgment of its sub- recipients that the property is work for hire funded by the State, and the State has ownership of such works unless specifically waived in writing by the Director of the Division of Workforce Development. Page 4 of 16