Nebraska Administrative Code
Topic - EDUCATION, DEPARTMENT OF
Title 92 - NEBRASKA DEPARTMENT OF EDUCATION
Chapter 72 - VOCATIONAL REHABILITATION SERVICES
Section 92-72-005 - Equipment
Universal Citation: 92 NE Admin Rules and Regs ch 72 ยง 005
Current through March 20, 2024
005.01 The program shall retain a vested interest in any items of equipment in which its share of the current market value is $5,000 or more.
005.01A. If a recipient sells an item of
equipment in which the program has a vested interest, the program has a right
to its share of the current market value or the proceeds from sale.
005.01B. The program uses a straight line,
20% per year depreciation schedule to determine the current market value of its
share. When the program share of the current market value is less than $5,000,
the vested interest is relinquished.
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