Property trust relationship.

2 C.F.R. § 200.316
in effectEffective: 2024-07-01
Sign in to generate a plain English summaryAsk Belisarius Agent
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. 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 has been acquired or improved with a Federal award and that use and disposition conditions apply to the property.

Starting a business? Corpus forms LLCs in all 50 states and DC.