[Title 21 CFR 1403.33]
[Code of Federal Regulations (annual edition) - April 1, 2002 Edition]
[Title 21 - FOOD AND DRUGS]
[Chapter III - OFFICE OF NATIONAL DRUG CONTROL POLICY]
[Part 1403 - UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS]
[Subpart C - Post-Award Requirements]
[Sec. 1403.33 - Supplies.]
[From the U.S. Government Printing Office]
21FOOD AND DRUGS92002-04-012002-04-01falseSupplies.1403.33Sec. 1403.33FOOD AND DRUGSOFFICE OF NATIONAL DRUG CONTROL POLICYUNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTSPost-Award Requirements
Sec. 1403.33 Supplies.
(a) Title. Title to supplies acquired under a grant or subgrant will
vest, upon acquisition, in the grantee or subgrantee respectively.
(b) Disposition. If there is a residual inventory of unused supplies
exceeding $5,000 in total aggregate fair market value upon termination
or completion of the award, and if the supplies are not needed for any
other federally sponsored programs or projects, the grantee or
subgrantee shall compensate the awarding agency for its share.