Categorized In: Case Services - Procurement
Approved Date: February 11, 2021
Owner: Mary Matusiak
Nebraska VR shall retain a vested interest for any items or equipment in which its share of the current market value is $5,000 or more. If a recipient sells an item of equipment in which Nebraska VR has a vested interest, VR has a right to its share of the current market value or the proceeds from sale. Nebraska VR uses a straight line, 20% per year depreciation schedule to determine the current market value of its share. After case closure, when VR's share of the current market value is less than $5,000, the vested interest is relinquished.