[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

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

[CITE: 24CFR84.33]



[Page 489-490]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 84_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.  84.33  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 HUD.



[[Page 490]]



Upon completion of the award or when the property is no longer needed, 

the recipient shall report the property to HUD for further HUD 

utilization.

    (2) If HUD has no further need for the property, it shall be 

declared excess and reported to the General Services Administration, 

unless HUD 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 HUD.

    (b) Exempt property. When statutory authority exists, HUD 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 HUD considers appropriate. Such property is ``exempt 

property.'' Should HUD not establish conditions, title to exempt 

property upon acquisition shall vest in the recipient without further 

obligation to the Federal Government.