La. Admin. Code tit. 40 § XIII-127
Current through Register Vol. 50, No. 11, November 20, 2024
Section XIII-127 - Inventory ControlA. 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.La. Admin. Code tit. 40, § XIII-127
Promulgated by the Department of Labor, Office of Labor, LR 9:334 (May 1983), amended by the Department of Employment and Training, Office of Labor, LR 17:357 (April 1991), amended by the Department of Labor, Office of Labor, LR 19:1588 (December 1993).AUTHORITY NOTE: Promulgated in accordance with R.S. 23:2022.