[Code of Federal Regulations]

[Title 44, Volume 1]

[Revised as of October 1, 2005]

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

[CITE: 44CFR19.120]



[Page 221]

 

              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE

 

 CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY, DEPARTMENT OF HOMELAND 

                                SECURITY

 

PART 19_NONDISCRIMINATION ON THE BASIS OF SEX IN EDUCATION PROGRAMS OR 

ACTIVITIES RECEIVING FEDERAL FINANCIAL ASSISTANCE--Table of Contents

 

                         Subpart A_Introduction

 

Sec. 19.120  Transfers of property.



    If a recipient sells or otherwise transfers property financed in 

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

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 Sec. Sec. 19.205 through 19.235(a).