[Code of Federal Regulations]
[Title 14, Volume 5]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1274.402]

[Page 481-482]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                   CHAPTER V--NATIONAL AERONAUTICS AND
                          SPACE ADMINISTRATION
 
PART 1274_COOPERATIVE AGREEMENTS WITH COMMERCIAL FIRMS--Table of Contents
 
                         Subpart 1274.4_Property
 
Sec.  1274.402  Contractor acquired property.

    As provided in Sec.  1274.923(c), title to property acquired with 
government funds vests in the government. Under a cost shared 
cooperative agreement, joint ownership of property equal to the cost-
sharing ratio will result if the parties make no specific arrangements 
regarding such property. The disposition of acquired property should be 
addressed in the cooperative agreement at the time of award. The 
cooperative agreement may provide that all such property be contributed 
by the recipient as a non-cash contribution. A reasonable dollar value 
must be specified and adequately supported. In this case, title will 
vest in the recipient. Alternatively, NASA and the recipient may include 
in the cooperative agreement any other appropriate arrangement for

[[Page 482]]

the disposition of acquired property upon completion of the effort.