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1/31/79 AC 150/5900-13 Appendix 2 b. Valuation of Materials. Contributed materials include office supplies, maintenance supplies, or workshop and classroom supplies. Prices assessed to donated materials included in the matching share should be reasonable and should not exceed the cost of the materials to the donor or current market prices, whichever is less, at the time they are charged to the project. c. Valuation of Donated Equipment, Buildings, and Land or Use of Space. (1) The method used for charging matching share for donated equipment, buildings, and land may differ depending upon the purpose of the grant as follows: (i) If the purpose of the grant is to furnish equipment, buildings, or land to the sponsor or otherwise provide a facility, the total value of the donated property may be claimed as a matching share. (ii) If the purpose of the grant is to support activities that require the use of equipment, buildings, or land on a temporary or part-time basis, depreciation or use charges for equipment and buildings may be made; and fair rental charges for land may be made provided that the grantor agency has approved the charges. (2) The value of donated property will be determined in accordance with the usual accounting policies of the sponsor with the following qualifications: (i) Land and Buildings. The value of donated land and buildings may not exceed its fair market value, at the time of donation to the sponsor as established by an independent appraiser (e.g., certified real property appraiser or GSA representatives) and certified by a responsible official of the sponsor. (ii) Nonexpendable Personal Property. The value of donated nonexpendable personal property shall not exceed the fair market value of equipment and property of the same age and condition at the time of donation. (iii) Use of Space. The value of donated space shall not exceed the fair rental value of comparable space as established by an independent appraisal of comparable space and facilities in a privately owned building in the same locality. (iv) Loaned Eouipment. The value of loaned equipment shall not exceed its fair rental value. 3