Common use of Withdrawn Property Clause in Contracts

Withdrawn Property. If any Project property, equipment, or supplies are not used for the Project for the duration of its useful life, as determined by FRA, whether by planned withdrawal, misuse or casualty loss, the Grantee agrees to notify FRA immediately. Disposition of withdrawn property, equipment, or supplies shall be in accordance with 49 C.F.R. §§ 18.31 and 18.32 for a Grantee that is a governmental entity, or 49 C.F.R. §§ 19.30 through 19.37 inclusive, for a Grantee that is an institution of higher education or a private organization.

Appears in 8 contracts

Samples: Cooperative Agreement, Total Agreement, Federal Railroad Administration Cooperative Agreement

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