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Capital Assets: tangible or intangible assets used in operations having a useful life of more than one year which are capitalized in accordance with [Generally Accepted Accounting Principles] i.e lands, facilities, equipment, and intellectual property
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Capital Expenditures: expenditures to acquire capital assets or expenditures to make additions, improvements, modifications, replacements, rearrangements, reinstallations, renovations, or alterations to capital assets that materially increase their value or useful life
A capital expenditure may be an eligible use.
Identified Who Was Impacted/Harmed
Design a Response that Addresses or Responds to the Identified Impact or Harm
Reasonably Designed to Benefit the Individual or Class that Experienced the Impact or Harm
Related and Reasonably Proportional to the Extent and Type of Impact or Harm
Written Justification, $1M or Greater
Describe Harm/Need Addressed
Explain Why Expenditure is Appropriate to Address Harm/Need
Compare to Alternative Capital Expenditures
High-Quality, Averts Delays, Promotes Efficiency, Technically Sound, Superior to Alternatives
Comply with Strong Labor Standards & Laws and Regulations
Provide a description of the specific harm or need to be addressed, and why the harm was exacerbated or caused by the public health emergency. May provide quantitative information on the extent and type of the harm, such as the number of individuals or entities affected.
Provide an independent assessment demonstrating why a capital expenditure is appropriate to address the specified harm or need. This should include an explanation of why existing capital equipment, property, or facilities would be inadequate to addressing the harm or need and why policy changes or additional funding to pertinent programs or services would be insufficient without the corresponding capital expenditures. May show that other interventions would be inefficient, costly, or otherwise not reasonably designed to remedy the harm without additional capital expenditure.
Provide an objective comparison of the proposed capital expenditure against at least two alternative capital expenditures and demonstrate why proposed capital expenditure is superior to alternative capital expenditures that could be made. Specifically, should assess the proposed capital expenditure against at least two alternative types or sizes of capital expenditures that are potentially effective and reasonably feasible. Where relevant, should compare the proposal against the alternative of improving existing capital assets already owned or leasing other capital assets. Should use quantitative data when available, although encouraged to supplement with qualitative information and narrative description. If analyses has minimal or no quantitative data should provide an explanation for doing so.