1.  Acceptance Agreement form is signed for all items in which Nebraska VR is investing $5000 or more.  

2.  Upon case closure, any item over $5000 will be tracked annually, until the depreciated value falls below $5000.  We will only track depreciation based upon our contribution.  So, if an item costs $20,000, and we paid $10,000 we would track depreciation until OUR portion of the value of the item drops below $5000, not the entire cost of the item.  So, in this example, once the total depreciated value drops below $10,000, that would put our portion below $5000, and we would no longer continue to track this item.

3.  QE2 will track the depreciation value automatically, at a flat 20% annual rate, and it will be displayed in the Equipment Issuance Screen.  Reminders will appear on the Specialist's To Do screen when follow up with the client is required.  

4.  After case closure, on an annual basis, the client will need to be contacted to determine if they have sold the vested interest item.  If they have not sold the item, the VR Specialist will notate this and the annual check in is complete.  If the client has sold the item, Nebraska VR needs to be reimbursed from the portion of the sale that equates to the current depreciated value.  When completing the task note, please ensure that you are personalizing the task note to include the information that you acquired through your conversation with the client.  The task note is autogenerated with a certain amount of base information but you need to add additional information to the task note if the client has sold the item.

5.  Office Directors should periodically check the Equipment Issuances agency-wide overview screen.  The purpose of this is to review whether there are any closed cases with $5,000+ equipment issuances, that are assigned to a VR Specialist this is no longer with the office.  If a specialist leaves the agency, or moves into a different role, the OD will need to either assign that case to a different specialist, or handle the annual check in with the client themselves.  The link to the overview screen is  https://qe2.nebraska.gov/quest/case_management/equipment_issuances.  

Nebraska VR shall retain a vested interest in any items of 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 the program has a vested interest, the program has a right to its share of the current market value or the proceeds from sale. The program uses a straight line, 20% per year depreciation schedule to determine the current market value of its share. After case closure, when the program share of the current market value is less than $5,000, the vested interest is relinquished.