Article 12 – Materials Management
22030.12.2 Budgeting for Property
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For budget purposes, property shall meet the following three requirements:
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Have normal useful life of at least four years.
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Have a unit acquisition cost of at least $500 (e.g., four identical assets which cost $300 each, for a $1,200 total, would not meet the requirement).
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Be used to conduct state business.
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