[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: 49CFR19.33]



[Page 164]

 

                        TITLE 49--TRANSPORTATION

 

          Subtitle A--Office of the Secretary of Transportation

 

PART 19_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS 

WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT 

ORGANIZATIONS--Table of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec. 19.33  Federally-owned and exempt property.



    (a) Federally-owned property. (1) Title to federally-owned property 

remains vested in the Federal Government. Recipients shall submit 

annually an inventory listing of federally-owned property in their 

custody to the Federal awarding agency. Upon completion of the award or 

when the property is no longer needed, the recipient shall report the 

property to the Federal awarding agency for further Federal agency 

utilization.

    (2) If the Federal awarding agency has no further need for the 

property, it shall be declared excess and reported to the General 

Services Administration, unless the Federal awarding agency has 

statutory authority to dispose of the property by alternative methods 

(e.g., the authority provided by the Federal Technology Transfer Act (15 

U.S.C. 3710(I)) to donate research equipment to educational and non-

profit organizations in accordance with E.O. 12821, ``Improving 

Mathematics and Science Education in Support of the National Education 

Goals.'') Appropriate instructions shall be issued to the recipient by 

the Federal awarding agency.

    (b) Exempt property. When statutory authority exists, the Federal 

awarding agency has the option to vest title to property acquired with 

Federal funds in the recipient without further obligation to the Federal 

Government and under conditions the Federal awarding agency considers 

appropriate. Such property is ``exempt property.'' Should a Federal 

awarding agency not establish conditions, title to exempt property upon 

acquisition shall vest in the recipient without further obligation to 

the Federal Government.