Page 3 of 4
Equipment – tangible nonexpendable personal property including exempt property charged directly to the award having a useful life of more than one year and an acquisition cost of $5,000 or more per unit.
Any items that do not meet the threshold for equipment are considered Supplies which is defined as; all personal property excluding equipment and tangible property, with an acquisition costs less than $5,000.
If Federal funds are used to purchase equipment:
Sub-recipients - Title to equipment acquired by a recipient's sub-recipient vests with the sub-recipient upon acquisition. The same property management rules apply.