Right to Transfer Title. In accordance with 2 CFR §200.313(e), NSF may identify items of equipment having an acquisition cost of $5,000 or more where NSF reserves the right to transfer the title to the Federal Government or a third party named by the Federal Government at any time during the award period. In cases where NSF elects to transfer the title, disposition instructions will be issued no later than 120 days after the end date of the NSF-supported project for which it was acquired.
Right to Transfer Title. The Federal awarding agency may reserve the right to transfer title to the Federal Government or a third-party named by the awarding agency when such a third-party is otherwise eligible under existing statutes. Such transfers shall be subject to the following standards:
(1) The property shall be identified in the Agreement or otherwise made known to the Grantee in writing.
(2) The Federal awarding agency shall issue disposition instruction within 120 calendar days after the end of the Federal support of the project for which it was acquired. If the Federal awarding agency fails to issue disposition instructions within the 120 calendar-day period the Grantee shall follow 43 CFR §12.72(e).
(3) When title to equipment is transferred, the Grantee shall be paid an amount calculated by applying the percentage of participation in the purchase to the current fair market value of the property.
Right to Transfer Title. The Federal awarding agency may reserve the right to transfer title to the Federal Govern- ment or a third part named by the awarding agency when such a third party is otherwise eligible under exist- ing statutes. Such transfers shall be subject to the following standards:
(1) The property shall be identified in the grant or otherwise made known to the grantee in writing.
(2) The Federal awarding agency shall issue disposition instruction within 120 calendar days after the end of the Federal support of the project for which it was acquired. If the Fed- eral awarding agency fails to issue dis- position instructions within the 120 calendar-day period the grantee shall follow § 85.32(e).
(3) When title to equipment is trans- ferred, the grantee shall be paid an amount calculated by applying the per- centage of participation in the pur- chase to the current fair market value of the property.