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Title 45: Public Welfare
Subtitle B: Regulations Relating to Public Welfare (Continued)
CHAPTER XXV: CORPORATION FOR NATIONAL AND COMMUNITY SERVICE
PART 2541: UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS
Subpart D: Changes, Property and Subawards
2541.330 - Supplies.
(a) Title. Title to supplies acquired under a grant or subgrant will vest, upon acquisition, in the grantee or subgrantee respectively.
(b) Disposition. If there is a residual inventory of unused supplies exceeding $5,000 in total aggregate fair market value upon termination or completion of the award, and if the supplies are not needed for any other federally sponsored programs or projects, the grantee or subgrantee shall compensate the awarding agency for its share.
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