[Code of Federal Regulations]
[Title 40, Volume 1]
[Revised as of July 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 40CFR30.37]

[Page 364-365]
 
                   TITLE 40--PROTECTION OF ENVIRONMENT
 
               CHAPTER I--ENVIRONMENTAL PROTECTION AGENCY
 
PART 30_UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS 
WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT 
 
                    Subpart C_Post-Award Requirements
 
Sec. 30.37  Property trust relationship.

    Real property, equipment, intangible property and debt instruments 
that are acquired or improved with Federal

[[Page 365]]

funds shall be held in trust by the recipient as trustee for the 
beneficiaries of the project or program under which the property was 
acquired or improved. Agencies may require recipients to record liens or 
other appropriate notices of record to indicate that personal or real 
property has been acquired or improved with Federal funds and that use 
and disposition conditions apply to the property.

                          Procurement Standards