[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: 14CFR1274.402]



[Page 479-480]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1274_COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS--Table of Contents

 

                         Subpart 1274.4_Property

 

Sec. 1274.402  Contractor acquired property.



    As provided in Sec. 1274.923(c), title to property acquired with 

government funds vests in the government. Under a cost shared 

cooperative agreement, joint ownership of property equal to the cost-

sharing ratio will result if the parties make no specific arrangements 

regarding such property. The disposition of acquired property should be 

addressed in the cooperative agreement at the time of award. The 

cooperative agreement may provide that all such property be contributed 

by the recipient as a non-cash contribution. A reasonable dollar value 

must be specified and adequately supported. In this case, title will 

vest in the recipient. Alternatively, NASA and the recipient may include 

in the cooperative agreement any other appropriate arrangement for



[[Page 480]]



the disposition of acquired property upon completion of the effort.