Real property
Title to real property acquired by recipients with federal awards vests with the recipient. It must be used for the originally authorized purpose as long as needed for that purpose. Real property may be used in other federally sponsored projects or programs that have purposes similar to the one the property was bought for, as long as the federal government authorizes it. However it may not dispose of or encumber the title to real property without prior federal government consent. When it is no longer needed for the federally supported programs or projects, the recipient must request disposition instructions from the federal government. As with equipment, if the property is sold, a proportionate share is provided to the federal government, amount of the current fair market value, based on the percent of federal funds to own recipient's fund used to acquire the item.