Common use of Equipment or Real Property Transfer Clause in Contracts

Equipment or Real Property Transfer. If equipment or real property is transferred to a Subrecipient, the Subrecipient shall own and operate the equipment or real property in accordance with the same rules and regulations governing the ownership and operation of equipment or real property acquired with financial assistance from the State.

Equipment or Real Property Transfer. If the equipment or real property is transferred to a Subrecipient, the Subrecipient shall own and operate the equipment or real property shall be owned and operated in accordance with the same rules and regulations governing the ownership and operation of equipment or real property acquired with financial assistance from the State.