[Code of Federal Regulations]

[Title 40, Volume 1]

[Revised as of July 1, 2005]

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

[CITE: 40CFR30.37]



[Page 334-335]

 

                   TITLE 40--PROTECTION OF ENVIRONMENT

 

               CHAPTER I--ENVIRONMENTAL PROTECTION AGENCY

 

PART 30_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS 

 

                    Subpart C_Post-Award Requirements

 

Sec. 30.37  Property trust relationship.



    Real property, equipment, intangible property and debt instruments 

that are acquired or improved with Federal



[[Page 335]]



funds shall be held in trust by the recipient as trustee for the 

beneficiaries of the project or program under which the property was 

acquired or improved. Agencies may require recipients to record liens or 

other appropriate notices of record to indicate that personal or real 

property has been acquired or improved with Federal funds and that use 

and disposition conditions apply to the property.



                          Procurement Standards