Section 1.407 - Inventory Report(a) The Department requires the submission of an inventory report for all Contracts to be submitted to the Department, no later than 45 calendar days after the end of the Contract Term, or a more frequent period as reflected in the Contract. Real Property and Equipment must be inventoried and reported on the Department's required form. The form and instructions are found on the Department's website.(b) Real property and Equipment purchased with funds under a Contract with the Department must be inventoried and reported to the Department during the Contract Term.(c) Aggregate Supplies of over $10,000 (except in the case of Contracts subject to TXGMS or UGMS, in which case this limit is $5,000), must be reported to the Department at the end of the Contract Term using federal form SF-428, which is a standard form to collect information related to tangible personal property or other form required by the federal fund source.(d) For certain public facility activities funded by the Community Development Block Grant, inventory requirements will be those required by HUD for real property, as further identified in the Contract.10 Tex. Admin. Code § 1.407
Adopted by Texas Register, Volume 46, Number 48, November 26, 2021, TexReg 8009, eff. 12/2/2021; Amended by Texas Register, Volume 47, Number 37, September 16, 2022, TexReg 5780, eff. 9/21/2022; Adopted by Texas Register, Volume 49, Number 38, September 20, 2024, TexReg 7634, eff. 9/26/2024