Iowa Admin. Code r. 571-28.10
Current through Register Vol. 47, No.14, January 8, 2025
Rule 571-28.10 - Disposal or trade of equipment, facilities or property(1) Without prior written approval of the department, sponsors shall not dispose of or trade any manufactured products, machinery, facilities or property with a purchase value over $5,000 if a portion or all of the actual cost was paid for with the all-terrain vehicle fund. Sponsors shall, in the case of equipment or facilities, reimburse the all-terrain vehicle fund a percentage of the disposal price received, that percentage being the percent of the original purchase price paid by the fund.(2) Real property and equipment shall be disposed of as stipulated in the grant agreement under which they were acquired. Reimbursements from the sale of real property and equipment shall be credited to the all-terrain vehicle fund.Iowa Admin. Code r. 571-28.10
ARC 1226C, IAB 12/11/2013, effective 1/15/2014Adopted by IAB May 1, 2024/Volume XLVI, Number 22, effective 6/5/2024