[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: 32CFR34.24]



[Page 217]

 

                       TITLE 32--NATIONAL DEFENSE

 

              CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE

 

PART 34_ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH 

FOR-PROFIT ORGANIZATIONS--Table of Contents

 

                    Subpart B_Post-award Requirements

 

Sec.  34.24  Supplies.



    (a) Title shall vest in the recipient upon acquisition for supplies 

acquired with Federal funds under an award.

    (b) Upon termination or completion of the project or program, the 

recipient shall retain any unused supplies. If the inventory of unused 

supplies exceeds $5,000 in total aggregate value and the items are not 

needed for any other Federally sponsored project or program, the 

recipient shall retain the items for use on non-Federal sponsored 

activities or sell them, but shall, in either case, compensate the 

Federal Government for its share.