[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

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

[CITE: 34CFR74.37]



[Page 119]

 

                           TITLE 34--EDUCATION

 

PART 74_ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF 

HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS--Table 

of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec.  74.37  Property trust relationship.



    Real property, equipment, intangible property, and debt instruments 

that are acquired or improved with Federal funds must 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. The Secretary 

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.



(Authority: 20 U.S.C. 1221e-3, 3474; OMB Circular A-110)



                          Procurement Standards