[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR45]

[Page 815]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 45--GOVERNMENT PROPERTY--Table of Contents
 
       Subpart 45.3--Providing Government Property to Contractors
 
45.302-5  Standby or layaway requirements.

    A facilities contract may include requirements for maintenance and 
storage of Government production and research property in standby or 
layaway status. The contract shall include appropriate specifications 
for the care and maintenance of the property. If the Government is 
required to pay the contractor for maintenance and storage, the contract 
shall define what constitutes standby or layaway and specify when 
payments will begin and end. The contract may provide for reimbursing 
the contractor for any State or local property tax it is required to pay 
because of its possession of or interest in such property (see 31.205-
41).