[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR305.9]

[Page 492]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 305--GRANTS FOR PUBLIC WORKS AND DEVELOPMENT FACILITIES--Table of Contents
 
              Subpart B--Requirements for Approved Projects
 
Sec. 305.9  Recipient furnished equipment and materials.

    The recipient may wish to incorporate into the project equipment 
and/or materials which it will secure through its own efforts.
    (a) It is the responsibility of the recipient to assure that such 
equipment and/or materials are adequate for the proposed use.
    (b) The use of such equipment and materials must be approved by EDA 
to be eligible for EDA financial participation. The recipient shall be 
required to submit with its request for approval either a paid invoice 
or current quotes from not less than three suppliers who normally 
distribute such equipment and/or materials. EDA may require that major 
equipment items be subject to a lien in favor of EDA and may also 
require a statement from the Recipient regarding expected useful life 
and salvage value.
    (c) The recipient must be prepared to show that the cost claimed for 
such equipment and/or materials is competitive with local market costs.
    (d) Acquisitions of recipient furnished equipment and/or materials 
under this section is subject to the requirements of 15 CFR part 24 or 
15 CFR part 14.

[64 FR 69875, Dec. 14, 1999]