TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING,
PROCUREMENT AND PROPERTY MANAGEMENT
SUBTITLE B: SUPPLEMENTAL PROCUREMENT RULES
CHAPTER XIV: COMPTROLLER
PART 1120 OFFICE OF THE COMPTROLLER STANDARD PROCUREMENT
SECTION 1120.7010 GOVERNMENT FURNISHED PROPERTY
SUBTITLE B: SUPPLEMENTAL PROCUREMENT RULES
CHAPTER XIV: COMPTROLLER
PART 1120 OFFICE OF THE COMPTROLLER STANDARD PROCUREMENT
SECTION 1120.7010 GOVERNMENT FURNISHED PROPERTY
Section 1120.7010 Government Furnished Property
If the IOC provides any property to the vendor in furtherance of the contract, such property shall remain the property of the State but may be consumed by the vendor if necessary to complete the contract. Vendor will issue a receipt for the property and will be responsible for its safekeeping and return of unused property to the State.