Service Life Extension Program Law and Legal Definition
According to 41 CFR 102-39.20 [Title 41 Public Contracts and Property Management; Subtitle C Federal Property Management Regulations System; Chapter 102 Federal Management Regulation System; Subchapter B Personal Property; Part 102-39 Replacement of Personal Property Pursuant to the Exchange/Sale Authority; Subpart A General], Service Life Extension Program (SLEP) means the modification of a personal property item undertaken to extend the life of the item beyond that which was previously planned. SLEPs extend capital asset life by retrofit, major modification, remanufacturing, betterment, or enhancement.
Legal Definition list
Related Legal Terms
- 8 A Program
- Ability One Program
- Absent Uniformed Services Voter
- Abuse in Later Life Program [Department of Justice]
- Academic Competitiveness Grant (ACG) Program [Education]
- Accelerated Life Insurance Benefits
- Accelerated Nursing Degree Program
- Acceptable Identification of Goods and Services Manual
- Acceptable Quality Level [Agricultural Marketing Service]
- Acceptance [Agricultural Marketing Service]
