Title to property acquired under awards.

CFR · 2024-01-01 · US · Title 2

(a) (b) (2) (ii) As a matter of policy, to enhance the university infrastructure for future performance of defense research and research-related education and training, DoD Components must make maximum use of the authority of 31 U.S.C. 6306 to (A) The recipient uses the equipment for the authorized purposes of the project or program until the property is no longer needed for those purposes. (B) The recipient manages the equipment as provided in PROP Article II of the general terms and conditions (see Subpart B of this part). This includes maintaining property records that include the percentage of Federal participation in the costs of the project or program under which the recipient acquired the exempt property, so that the recipient may deduct the Federal share if it wishes to use the property in future contributions for cost sharing or matching purposes on Federal awards. (C) The DoD Component reserves the right to transfer title to the equipment to another recipient entity if the Principal Investigator relocates his or her research program to that entity. (c) (2) (A) Identify the type or types of property it is exempting from the standard requirements for title vesting, use, and disposition contained in PROP Articles II through IV and VI and reporting requirements contained in REP Article III of the general terms and conditions. (B) If it is exempting the property from some, but not all, of the standard requirements, identify the requirements to which the exempt property w

official document · source cfr-2024 · id 2:§ 1130.105