Property Trust Relationship. Real property, equipment, and intangible property, that are acquired or improved with a Federal award must be held in trust by the non-Federal entity as trustee for the beneficiaries of the project or program under which the property was acquired or improved. See 2 CFR 200.316 for additional requirements pertaining to real property, equipment, and intangible property acquired or improved under a Federal award.
Appears in 4 contracts
Samples: Loan Agreement, Assistance Agreement, Special Terms and Conditions
Property Trust Relationship. β Real property, equipment, and intangible property, that are acquired or improved with a Federal award must be held in trust by the non-Federal entity as trustee for the beneficiaries of the project or program under which the property was acquired or improved. See 2 CFR 200.316 for additional requirements pertaining to real property, equipment, and intangible property acquired or improved under a Federal award.
Appears in 3 contracts
Samples: Model Cooperative Agreement, Model Cooperative Agreement, Inter Governmental Agreement
Property Trust Relationship. Real property, equipment, and intangible property, that are acquired or improved with a Federal award must be held in trust by the non-Federal entity as trustee for the beneficiaries of the project or program under which the property was acquired or improved. See 2 CFR 200.316 for additional requirements pertaining The Federal awarding agency may require the non-Federal entity to record liens or other appropriate notices of record to indicate that personal or real property, equipment, and intangible property has been acquired or improved under with a Federal award.award and that use and disposition conditions apply to the property. (2 CFR 200.316)
Appears in 1 contract
Samples: Contract for Purchase
