Reporting on Real Property. In accordance with 2 C.F.R. § 200.329, The Subrecipient shall complete and submit to the Consortium a report on the status of the real property or interest in real property in which the federal government retains an interest, using a SF-429 Real Property Status Report form annually for the first three years of the Award and thereafter at successive five year intervals until the end of the Estimated Useful Life of the property or time of disposition, whichever is less. All reports shall be submitted within 30 days of the end of the year for which the report is made.
Reporting on Real Property. The Servicing Agency must require a non-Federal entity receiving a financial assistance award under this agreement to submit reports at least annually on the status of real property in which the Federal government retains an interest, unless the Federal interest in the real property extends 15 years or longer. In those instances where the Federal interest attached is for a period of 15 years or more, the Servicing agency or pass-through entity, at its option, may require a non-Federal entity to report at various multi- year frequencies (e.g., every two years or every three years, not to exceed a five-year reporting period; or the Servicing agency or pass-through entity may require annual reporting for the first three years of a Federal award and thereafter require reporting every five years).
Reporting on Real Property a. The recipient must complete and submit to the RESTORE Council a report on the status of all properties acquired, using Form SF-429 “Real Property Status Report” or any equivalent or successor form, annually for the first three years, beginning in the year the first property is acquired under the award, and thereafter every five years. All reports must be for the period ending December 31, or any portion thereof, beginning with the year of the first property acquisition, and are due no later than 30 days following the end of the reporting period. The recipient will continue to submit these reports to the RESTORE Council or successor agency as required at 2 CFR § 200.329 until the property is disposed of in accordance with 2 CFR § 200.311(c).
