[Code of Federal Regulations]

[Title 7, Volume 15]

[Revised as of January 1, 2006]

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

[CITE: 7CFR3015.42]



[Page 111]

 

                          TITLE 7--AGRICULTURE

 

                         CHAPTER XXX--OFFICE OF

                      THE CHIEF FINANCIAL OFFICER,

                        DEPARTMENT OF AGRICULTURE

 

PART 3015_UNIFORM FEDERAL ASSISTANCE REGULATIONS--Table of Contents

 

                     Subpart F_Grant Related Income

 

Sec. 3015.42  Proceeds from sale of real property and from sale of 

equipment and supplies acquired for use.



    The following kinds of program income shall be governed by Subpart R 

of this part:

    (a) Proceeds from the sale of real property purchased or constructed 

under a grant or subgrant.

    (b) Proceeds from the sale of equipment and supplies created or 

purchased under a grant or subgrant and intended primarily for use in 

the grant or subgrant-supported project or program rather than for sale 

or rental.