[Code of Federal Regulations]

[Title 45, Volume 1]

[Revised as of October 1, 2006]

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

[CITE: 45CFR74.37]



[Page 227]

 

                        TITLE 45--PUBLIC WELFARE

 

                    SUBTITLE A--DEPARTMENT OF HEALTH

                           AND HUMAN SERVICES

 

    PART 74_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR AWARDS AND SUBAWARDS TO 

INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, OTHER NONPROFIT ORGANIZATIONS, 

AND COMMERCIAL 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 shall be held in trust 

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

program under which the property was acquired or improved, and shall not 

be encumbered without the approval of the HHS awarding agency. 

Recipients shall record liens or other appropriate notices of record to 

indicate that real property has been acquired or constructed or, where 

applicable, improved with Federal funds, and that use and disposition 

conditions apply to the property.



                          Procurement Standards