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• 0 <br />.act, V.T.C.A., Leal Government Ccc_e § 262.021 et seq., concerning the <br />purchase of equipment and shall mawtain an inventory record of all non- <br />1xpendabi-� persons propem, as defined by county policy, that may be procured <br />xvith fund_ provide hereunder. Any r:-ll property under Subrecipient's control <br />:hat was a:quired c- improved in whole )r in part with HOME funds must either <br />be: <br />a. Used by the Subrecipient to meet the eligible activity in 24 C.F.R. § <br />92.205(-)(1) until five years after expiration or termination of the <br />Grantee'_ Agreement with HUD; or <br />b. Transfe-.d to the Grantee; or <br />c. Disposed of in a manner, ccrsistent with 24 C.F.R. § 85.31, which <br />results _. the amount of the then current fair market value of the <br />property less any portion thereof attributable to expenditures of non- <br />HONiE :suds for acquisition Hereof, or improvements to, the property <br />being reimbursed to the Gran:=e. Such reimbursement is not required <br />if dispo_ed of more than ;) five years after the expiration or <br />terminat on of this Agreemem. <br />d. Further, if within five years )f the termination or expiration of this <br />Agreem Wit, the Subrecipient ;eases to use any or all personal property <br />attributa_ ie to HOME funds o meet an eligible activity, the personal <br />oropert-, :hall. in accordance with 24 C.F.R. § 85.32, either revert to <br />:he Gramee or be disposed of m accordance with the applicable federal <br />mles and regulationsbut not limited to OMB Circular A- <br />110. Sui•--art C. <br />e. The Gr_.:ee in its Sole disc, :ion shall determine whether or not the <br />Subreci:ant use of any prop:-y meets the eligible activity contained <br />:n 2= C.= R. ` 92. J;�a)(1) <br />f. after t} = expiratie i of five ears, the Subrecipient shall have no <br />)bligatic- to coulee with :::is section regarding real or personal <br />propem <br />Nothing : Dntained :::rein sha.'. be construed to conflict with the duties <br />)f the S _'recipien: as set fe-:1 in the Texas Iron -Profit Corporation <br />.act (Te%. Ann. Clv. Si. Art. 1: :6-1.01. et seq.) or any other applicable <br />statue. <br />O.V3 Stanc_ js <br />-he Subre_"pient s:._:1 procure materials :n accordance with the requirements of <br />Subpart C of ONLB Circuiar A-11C. Procurement Standards, and shall <br />