[Code of Federal Regulations]

[Title 49, Volume 1]

[Revised as of October 1, 2005]

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

[CITE: 49CFR18.33]



[Page 135]

 

                        TITLE 49--TRANSPORTATION

 

          Subtitle A--Office of the Secretary of Transportation

 

PART 18_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec. 18.33  Supplies.



    (a) Title. Title to supplies acquired under a grant or subgrant will 

vest, upon acquisition, in the grantee or subgrantee respectively.

    (b) Disposition. If there is a residual inventory of unused supplies 

exceeding $5,000 in total aggregate fair market value upon termination 

or completion of the award, and if the supplies are not needed for any 

other federally sponsored programs or projects, the grantee or 

subgrantee shall compensate the awarding agency for its share.