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Property and Equipment

Retention of Property Records

You must retain records for equipment, nonexpendable personal property, and real property for a period of 3 years from the date of disposition, replacement, or transfer at the discretion of the awarding agency.

  • If any litigation, claim, or audit is started before the expiration of the 3-year period, you must retain records until all litigations, claims, or audit findings involving the records have been resolved.