False. The pertinent regulations for non-profit subrecipients (24 CFR 570.502(a)(8) and (b)(3)(vi)) require that, regardless of dollar value, equipment acquired with CDBG funds and no longer needed by the subrecipient for CDBG activities must be transferred to the grantee or retained by the subrecipient only after compensating the grantee.
Appears in 6 contracts
Sources: Sub Recipient Agreement, Sub Recipient Agreement, Sub Recipient Agreement