34 C.F.R. § 74.37 Property trust relationship.
Title 34 - Education
Real property, equipment, intangible property, and debt instruments that are acquired or improved with Federal funds must be held in trust by the recipient as trustee for the beneficiaries of the project or program under which the property was acquired or improved. The Secretary may require recipients to record liens or other appropriate notices of record to indicate that personal or real property has been acquired or improved with Federal funds and that use and disposition conditions apply to the property. (Authority: 20 U.S.C. 1221e–3, 3474; OMB Circular A–110)
Title 34: Education
PART 74—ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS
Subpart C—Post-Award Requirements
Property Standards
§ 74.37 Property trust relationship.
