[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

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

[CITE: 48CFR45]



[Page 837]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 45_GOVERNMENT PROPERTY--Table of Contents

 

        Subpart 45.3_Providing Government Property to Contractors

 

45.302-5  Standby or layaway requirements.



    A facilities contract may include requirements for maintenance and 

storage of Government production and research property in standby or 

layaway status. The contract shall include appropriate specifications 

for the care and maintenance of the property. If the Government is 

required to pay the contractor for maintenance and storage, the contract 

shall define what constitutes standby or layaway and specify when 

payments will begin and end. The contract may provide for reimbursing 

the contractor for any State or local property tax it is required to pay 

because of its possession of or interest in such property (see 31.205-

41).