[Code of Federal Regulations]
[Title 20, Volume 2]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR435.33]

[Page 1118-1119]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
               CHAPTER III--SOCIAL SECURITY ADMINISTRATION
 
  PART 435_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS 
 
                    Subpart C_Post-Award Requirements
 
Sec. 435.33  Federally-owned and exempt property.

    (a) Federally-owned property. (1) Title to federally-owned property 
remains vested in the Federal Government. Recipients must submit 
annually an inventory listing of federally-owned property in their 
custody to SSA. Upon completion of the award or when the property is no 
longer needed, the recipient must report the property to SSA for further 
Federal agency utilization.
    (2) If SSA has no further need for the property, it will be declared 
excess and reported to the General Services Administration, unless SSA 
has statutory authority to dispose of the property by alternative 
methods (e.g., the authority provided by the Federal Technology

[[Page 1119]]

Transfer Act (15 U.S.C. 3710 (I)) to donate research equipment to 
educational and non-profit organizations in accordance with Executive 
Order 12821, ``Improving Mathematics and Science Education in Support of 
the National Education Goals'' (3 CFR, 1992 Comp., p. 323). Appropriate 
instructions will be issued to the recipient by SSA.
    (b) Exempt property. When statutory authority exists, SSA has the 
option to vest title to property acquired with Federal funds in the 
recipient without further obligation to the Federal Government and under 
conditions SSA considers appropriate. Such property is ``exempt 
property.'' Should SSA not establish conditions, title to exempt 
property upon acquisition will vest in the recipient without further 
obligation to the Federal Government.