Title statements = paperwork of acquisition/ownership
Disposition statements = paperwork when said equipment is sold
The disposition of equipment purchased with Federal funds gives the
Federal awarding agency (e.g., CDLE and/or DOL) a right to its
proportional share of the proceeds from the sale. As such, CDLE
needs to authorize and subsequently track its subrecipient’s
acquisition of equipment purchased with CDLE pass-through Federal
funds that may be disposed of later by the subrecipient. In order to
receive the required prior CDLE authorization, subrecipients must
submit a Property Requisition Authorization Form (PRAF) [See
Attachment 4]. The PRAF must be submitted for all tangible,
nonexpendable personal property having a useful life of more than
one year and an acquisition cost of $5,000 or more per unit, including
all costs related to the property’s final intended use that will be direct
charged to a CDLE awarded grant(s).
http://www.coworkforce.com/PGL/pgl/PGL0112F4PropertyManageme...
The translation workplace 
peer agreement (net): +1
