LAC 40:XIII.127. Inventory Control

A. Property purchased or assumed under the Act must be maintained in an efficient and effective manner and shall not be used for purposes other than the Act. Service delivery area grant recipients shall obtain written approval from the recipient prior to the disposition of property covered by the Act. Proceeds of such disposition shall be considered program income as regulated by Section 141(m) of the Act and §627.450 of the regulations. Please note that state law requires each item of moveable property having an acquisition cost or appraised value of $250 or more to be placed on inventory.