[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

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

[CITE: 14CFR1273.33]



[Page 447-448]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1273_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE 

AGREEMENTS TO STATE AND LOCAL GOVERNMENTS--Table of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec. 1273.33  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



[[Page 448]]



not needed for any other federally sponsored programs or projects, the 

grantee or subgrantee shall compensate the awarding agency for its 

share.