[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR106.5]



[Page 412]

 

                           TITLE 34--EDUCATION

 

       CHAPTER I--OFFICE FOR CIVIL RIGHTS, DEPARTMENT OF EDUCATION

 

PART 106_NONDISCRIMINATION ON THE BASIS OF SEX IN EDUCATION PROGRAMS 

OR ACTIVITIES RECEIVING FEDERAL FINANCIAL ASSISTANCE--Table of Contents

 

                         Subpart A_Introduction

 

Sec. 106.5  Transfers of property.



    If a recipient sells or otherwise transfers property financed in 

whole or in part with Federal financial assistance to a transferee which 

operates any education program or activity, and the Federal share of the 

fair market value of the property is not upon such sale or transfer 

properly accounted for to the Federal Government both the transferor and 

the transferee shall be deemed to be recipients, subject to the 

provisions of subpart B of this part.



(Authority: Secs. 901, 902, Education Amendments of 1972, 86 Stat. 373, 

374; 20 U.S.C. 1681, 1682)