La. Admin. Code tit. 67 § VII-1723

Current through Register Vol. 50, No. 11, November 20, 2024

Section VII-1723 - Property

A. Title to real property and equipment acquired under a grant shall vest, upon acquisition, in the grantee.

1. Real Property. Land including land improvements, structures and appurtenances thereto, but excluding movable machinery and equipment.

a. The property shall be used for the originally authorized purpose as long as needed for that purpose. When no longer so needed, approval of the director of LRS may be requested to use the property for other purposes. Use for other purposes shall be limited to projects or programs serving LRS' clients.

b. When real property is no longer to be used for the originally authorized purpose, the disposition instructions of LRS shall be followed. Those instructions will provide for one of the following alternatives.

i. The property shall be sold and LRS shall be paid an amount computed by multiplying the federal share of the property times the proceeds from sale. Proper sales procedures shall be used that provide for competition to the extent practicable and result in the highest possible return.

ii. The recipient can retain title. If title is retained, LRS shall be paid an amount computed by multiplying the market value of the property by the federal share of the property.

iii. The recipient shall transfer the title to an eligible nonfederal party named by LRS.

iv. The grantee shall be entitled to be paid an amount computed by multiplying the market value of the property by the nonfederal share of the property.

2. Equipment

a. Tangible personal property having an acquisition cost of $5,000 or more per unit.

b. Equipment shall be used by the recipient in the project or program for which it was acquired as long as needed. When no longer needed for the original project or program, the recipient shall use the equipment in other projects or programs currently or previously sponsored by LRS. When the recipient can no longer use the equipment it shall be made available to other recipients of LRS grants.

c. Disposition of Equipment. When equipment is no longer to be used in projects or programs sponsored by LRS, disposition of the equipment shall be made according to LRS property control procedures.

La. Admin. Code tit. 67, § VII-1723

Promulgated by the Department of Social Services, Office of Rehabilitation Services, LR 21:586 (June 1995), Amended by the Workforce Commission, Rehabilitation Services, LR 48309 (2/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 49:664.6 and R.S. 36.477.