[Code of Federal Regulations]

[Title 32, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 32CFR32.37]



[Page 166]

 

                       TITLE 32--NATIONAL DEFENSE

 

              CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE

 

PART 32_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.  32.37  Property trust relationship.



    Real property, equipment, intangible property and debt instruments 

that are acquired or improved with Federal funds shall be held in trust 

by the recipient as trustee for the beneficiaries of the project or 

program under which the property was acquired or improved. DoD 

Components may require recipients to record liens or other appropriate 

notices of record to indicate that personal or real property has been 

acquired or improved with Federal funds and that use and disposition 

conditions apply to the property.



                          Procurement Standards