[Code of Federal Regulations]
[Title 50, Volume 7]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 50CFR401.12]

[Page 812-813]
 
                    TITLE 50--WILDLIFE AND FISHERIES
 
CHAPTER IV--JOINT REGULATIONS (UNITED STATES FISH AND WILDLIFE SERVICE, 
 
PART 401_ANADROMOUS FISHERIES CONSERVATION, DEVELOPMENT AND 
 
Sec. 401.12  Ownership of property.

    When real property is acquired pursuant to the provisions of the 
Act, title to such property, or interests therein, shall be vested in 
the United States, and the conveying instrument shall recite the United 
States of America as the grantee. However, if the Secretary determines 
that under the terms of the application for Federal assistance and

[[Page 813]]

grant-in-aid award or project agreement, the intent and purpose of the 
Act may be better served by other ownership of such property, an 
appropriate transfer may be made. When real or personal property is 
utilized as matching funds, title to such property shall be in the 
Cooperator unless otherwise specified in the grant-in-aid award or 
project agreement.