[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1484.36]

[Page 741]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1484_PROGRAMS TO HELP DEVELOP FOREIGN MARKETS FOR AGRICULTURAL 
 
                      Subpart C_Program Operations
 
Sec. 1484.36  How do Cooperators dispose of disposable property?

    (a) Property purchased by the Cooperator, and for which the 
Cooperator is reimbursed with project funds, that is unusable, 
unserviceable, or no longer needed for project purposes shall be 
disposed of in one of the following ways. The Cooperator may:
    (1) Exchange or sell the property, provided that it applies any 
exchange allowance, insurance proceeds, or sales proceeds toward the 
purchase of other property needed in the project;
    (2) With FAS approval, transfer the goods to other Cooperators for 
their activities, or to a foreign third party; or
    (3) Upon Attache/Counselor approval, donate the goods to a local 
charity, or convey the goods to the Attache/Counselor, along with an 
itemized inventory list and any documents of title.
    (b) A Cooperator shall maintain an inventory of all property valued 
at $500 or more which was acquired in furtherance of program activities. 
The inventory shall list and number each item and include the date of 
purchase or acquisition, cost of purchase, replacement value, serial 
number, make, model, and electrical requirements.
    (c) The Cooperator shall insure all property which was acquired with 
program funds and safeguard such property against theft, damage, and 
unauthorized use. The Cooperator shall promptly report any loss, theft, 
or damage of such property to the insurance company.
    (d) The Cooperator is responsible for reimbursing FAS for the value 
of any uninsured property at the time of the loss or theft of the 
property.

[64 FR 52630, Sept. 30, 1999. Redesignated and amended at 65 FR 9995, 
9996, Feb. 25, 2000]