[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR314.9]

[Page 641]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 314_PROPERTY--Table of Contents
 
                       Subpart C_Personal Property
 
Sec.  314.9  Recorded statement--title.


    For all Projects which EDA determines involve the acquisition or 
improvement of significant items of Personal Property, including but not 
limited to ships, machinery, equipment, removable fixtures or structural 
components of buildings, the Recipient shall execute a security interest 
or other statement of EDA's interest in the Personal Property, 
acceptable in form and substance to EDA, which statement must be 
perfected and placed of record in accordance with applicable law, with 
continuances re-filed as appropriate. Whether or not a statement is 
required by EDA to be recorded, the Recipient must hold title to the 
Personal Property acquired or improved as part of the Project, except as 
otherwise provided in this part.