[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: 13CFR314.9]

[Page 515]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 314--PROPERTY--Table of Contents
 
                      Subpart C--Personal Property
 
Sec. 314.9  Recorded statement--Title.


    For all projects which EDA determines involve the acquisition or 
improvement of significant items of tangible personal property, 
including but not limited to ships, machinery, equipment, removable 
fixtures or structural components of buildings, the recipient shall 
execute a security interest or other statement of EDA's interest in the 
property, acceptable in form and substance to EDA, which statement must 
be perfected and placed of record in accordance with local law, with 
continuances refiled as appropriate. Whether or not a statement is 
required by EDA to be recorded, the recipient must hold title to the 
personal property acquired or improved as part of the project, except as 
otherwise provided in this part.