GroundRules
41 CFR 105-72.405: -72.405 Supplies and other expendable property.
Where this section sits in the code
- Title 41—Public Contracts and Property Management
- Subtitle C—Federal Property Management Regulations System
- CHAPTER 105—GENERAL SERVICES ADMINISTRATION
- PART 105-72—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS
- Subpart 105-72.40—Post-Award Requirements/Property Standards
(a) Title to supplies and other expendable property shall vest in the recipient upon acquisition. If there is a residual inventory of unused supplies exceeding $5000 in total aggregate value upon termination or completion of the project or program and the supplies are not needed for any other federally-sponsored project or program, the recipient shall retain the supplies for use on non-Federal sponsored activities or sell them, but shall, in either case, compensate the Federal Government for its share. The amount of compensation shall be computed in the same manner as for equipment.
(b) The recipient shall not use supplies acquired with Federal funds to provide services to non-Federal outside organizations for a fee that is less than private companies charge for equivalent services, unless specifically authorized by Federal statute as long as the Federal Government retains an interest in the supplies.
Collected 2026-08-27T02:26:05Z. Source file · JSON