[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: 24CFR85.33]



[Page 527]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 85_ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS 

TO STATE, LOCAL AND FEDERALLY RECOGNIZED INDIAN TRIBAL GOVERNMENTS

--Table of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec.  85.33  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.