[Code of Federal Regulations]
[Title 43, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR12.73]

[Page 300]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
PART 12--ADMINISTRATIVE AND AUDIT REQUIREMENTS AND COST PRINCIPLES FOR ASSISTANCE PROGRAMS--Table of Contents
 
     Subpart C--Uniform Administrative Requirements for Grants and 
          Cooperative Agreements to State and Local Governments
 
Sec. 12.73  Supplies.

    (a) Title. Title to supplies acquired under a grant or subgrant will 
vest, upon acquisition, in the grantee or subgrantee respectively.
    (b) Disposition. If there is a residual inventory of unused supplies 
exceeding $5,000 in total aggregate fair market value upon termination 
or completion of the award, and if the supplies are not needed for any 
other Federally sponsored programs or projects, the grantee or 
subgrantee shall compensate the awarding agency for its share.