Property Standards. A. By executing this Agreement, the Subrecipient hereby certifies that it shall comply with 2 CFR §§ 200.310-200.316 (or, for HHS awards: 45 CFR §§ 75.316-75.323) (“Property Standards”) and will use such procedures when handling and managing property procured with the Subaward. B. The Subrecipient shall maintain inventory records of all non-expendable property as may be procured with the Subaward funds provided pursuant to this Agreement not to sell, transfer, encumber, or otherwise dispose of property acquired with the Subaward without the written permission of the County. C. Title to “Equipment” as defined in 2 CFR 200.33 (or, for HHS awards: 45 CFR 75.2) that is purchased under this Agreement shall vest in the Subrecipient, subject to the conditions specified in 2 CFR 200.313 (or, for HHS awards: 45 CFR Part 75.320).
Appears in 7 contracts
Samples: Federal Subrecipient Agreement, Federal Subrecipient Agreement, Federal Subrecipient Agreement
