[Code of Federal Regulations]
[Title 28, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 28CFR70.33]

[Page 270]
 
                    TITLE 28--JUDICIAL ADMINISTRATION
 
              CHAPTER I--DEPARTMENT OF JUSTICE (Continued)
 
  PART 70--UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS (INCLUDING SUBAWARDS) WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS AND OTHER NON-
PROFIT ORGANIZATIONS--Table of Contents
 
                   Subpart C--Post-Award Requirements
 
Sec. 70.33  Federally-owned and exempt property.

    (a) Federally-owned property. (1) Title to Federally-owned property 
remains vested in the Federal Government. Recipients may be required by 
the terms and conditions of the award, to submit annually an inventory 
listing of Federally-owned property in their custody to the Department. 
Upon completion of the award or when the property is no longer needed, 
the recipient must report the property to the Department for further 
Federal agency utilization.
    (2) If the Department has no further need for the property, it will 
be declared excess and reported to the General Services Administration, 
unless the Department has statutory authority to dispose of the property 
by alternative methods (e.g., the authority provided by the Federal 
Technology Transfer Act (15 U.S.C. 3710 (I)) to donate research 
equipment to educational and non-profit organizations in accordance with 
Exec. Order No. 12821, ``Improving Mathematics and Science Education in 
Support of the National Education Goals.'') Appropriate instructions 
shall be issued to the recipient by the Department.
    (b) Exempt property. When statutory authority exists, the Department 
may vest title to property acquired with Federal funds in the recipient 
without further obligation to the Federal Government when such property 
is ``exempt property.''

[Order No. 1980-95, 60 FR 38242, July 26, 1995; Order No. 1998-95, 60 FR 
57932, Nov. 24, 1995]