GroundRules
2 CFR 1108.175: Exempt property.
Where this section sits in the code
- Title 2—Federal Financial Assistance
- Subtitle B—Federal Agency Regulations for Grants and Agreements
- CHAPTER XI—DEPARTMENT OF DEFENSE
- SUBCHAPTER A—GENERAL MATTERS AND DEFINITIONS
- PART 1108—DEFINITIONS OF TERMS USED IN SUBCHAPTERS A THROUGH F OF THIS CHAPTER
- Subpart B—Definitions
(a) Exempt property means tangible personal property acquired in whole or in part with Federal funds under a DoD Component's awards, for which the DoD Component:
(1) Has statutory authority to vest title in recipients (or allow for vesting in subrecipients) without further obligation to the Federal Government or subject to conditions the DoD Component considers appropriate; and
(2) Elects to use that authority to do so.
(b) An example of exempt property authority is contained in the Federal Grant and Cooperative Agreement Act (31 U.S.C. 6306) for tangible personal property acquired under an award to conduct basic or applied research by a nonprofit institution of higher education or nonprofit organization whose primary purpose is conducting scientific research.
Collected 2026-08-27T02:23:42Z. Source file · JSON