[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: 49CFR19.37]



[Page 167]

 

                        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. 19.37  Property trust relationship.



    Real property, equipment, intangible property and debt instruments 

that are acquired or improved with Federal 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