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<br />Attachment -C <br />Payment and Fiscal Management <br /> <br />-;:,;.; .~. ..: <br /> <br />... ." - <br /> <br />in writing by A TCOG. <br /> <br />6.3. All expenditu~s under the "equipment, "~construction," or "contractUal" budget <br />categories shall be approved in writing by ATCOG. . <br /> <br />6.4. All expenditures undertlie""other" category shall be approved in writing by <br />ATCOG. <br /> <br />6.5. <br /> <br />Property with a current fair market per unit value in excess of five thousand dollars <br />shall not be sold or transferred for a period of six years without the written consent <br />of the Texas Natural Resource Conservation Commission. <br />Subject to the obligations and conditions set forth in this Agreement, title to all <br />equipment anellor facilities (hereafter, "property") acquired under this Agreement <br />will vest, upon acquisition or construction, in the Contractor. The use of property <br />acquired under this Agreement, both during the term of this Agreement and for the <br />useful life of the property, sha11 be in accordance with Section 361.014 (b) of the <br />Texas Health and Safety Code Annotated, which directs that a project or service <br />funded under this program must promote cooperation between public and private <br />entities and may not be otherwise readily available or create a competitive <br />advantage over a private industry that provides recycliilg or solid Waste services. <br />ATCOG shall conduct physical property inventories, to maintain property records <br />and necessary control procedures, and to provide adequate maintenance with <br />respect to all property acquired under this Agreement for which A TCOG retains <br />tille, as further set forth in Subsections (1) through (x) below. <br />(i)' ATCOG shall develop and use a property,management system that <br />conforms With all applicable state and local laws, roles, and regulations. <br />If an adequate system for accounting for personal property is not in <br />place or currently in use, the Property Accounting System ManUal <br />. issued by the State of Texas General Services Commission'shall be <br />used as a guide for establishing such a system. . -. <br />. . A physical inventory of all property acquired or replaced under this <br />agreement having an initial per-unit purchaSE! price' of one thousand <br />dollars ($1,000) or more, shall be conducted no less frequently than <br />once. every two years and the results ,of such, inventories reconciled <br />with the appropriate property recOrds. Property control procedures <br />ublized by ATCOG shall include adequate safeguards to prevent loss, <br />damage, or theft of the acquired proPerty. ATCOG shall develop and <br />carry out a program of property maintenance as necessary to keep <br />both originally acquired and any replaced property in good condition, <br />and to utilize proper sales procedures to ensure the highest possible <br /> <br />I <br />\ <br /> <br />11 <br />~ <br /> <br />, <br />" <br /> <br />Page 15 of 46 <br />