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(23) PROPERTY MANAGEMENT. <br /> (a) Title to equipment acquired by a Recipient with State funds shall vest in the <br /> Recipient, subject to conditions of this section . The Recipient must continue the operation, maintenance, <br /> repair and administration of any equipment or other personal property purchased under this Agreement in <br /> accordance with the purposes for which the funds were originally appropriated and for the period of time <br /> expressly specified in the Agreement or, failing to do so , the Recipient must return to the Division the <br /> subgrant funds used to purchase the property. <br /> (b) The Recipient shall not use equipment acquired with State funds to provide services <br /> to non-State outside organizations for a fee that is less than private companies charge for equivalent <br /> services, unless specifically authorized by Florida statute, for as long as the State retains an interest in <br /> the equipment. <br /> (c) The Recipient shall use the equipment in the project or program for which it was <br /> acquired as long as needed, whether or not the project or program continues to be supported by State <br /> funds and shall not encumber the property without approval of the Division. When no longer needed for <br /> the original project or program, the Recipient shall use the equipment in connection with its other State- <br /> sponsored activities, in the following order of priority: (i) Activities sponsored by the Division , then (ii) <br /> activities sponsored by other State agencies. <br /> (d) During the time that equipment is used on the project or program for which it was <br /> acquired , the Recipient shall make it available for use on other projects or programs if such other use will <br /> not interfere with the work on the project or program for which the equipment was originally acquired. First <br /> preference for such other use shall be given to other projects or programs sponsored by the Division; <br /> second preference shall be given to projects or programs sponsored by other State agencies . If the <br /> equipment is owned by the State of Florida , use on other activities not sponsored by the State of Florida <br /> shall be permissible if authorized by the Division . User charges shall be treated as program income. <br /> (e) When acquiring replacement equipment, the Recipient may use the equipment to be <br /> replaced as trade-in or sell the equipment and use the proceeds to offset the costs of the replacement <br /> equipment subject to the approval of the Division . <br /> (f) The Recipient's property management standards for equipment acquired with State <br /> and State-owned equipment shall include all of the following . <br /> 1 . Equipment records shall be maintained accurately and shall include the <br /> following information . <br /> (i) A description of the equipment. <br /> (ii) Manufacturer's serial number, model number, Federal stock number, <br /> national stock number, or other identification number. <br /> (iii) Source of the equipment, including the award number. <br /> (iv) Whether title vests in the Recipient or the State of Florida. <br /> (v) Acquisition date (or date received, if the equipment was furnished by <br /> the State of Florida) and cost. <br /> (vi ) Information from which one can calculate the percentage of State <br /> participation in the cost of the equipment (not applicable to equipment furnished by the State of Florida). <br /> Il <br />