[Code of Federal Regulations]
[Title 32, Volume 5, Parts 700 to 799]
[Revised as of  July 1, 1998]
From the U.S. Government Printing Office via GPO Access
[CITE: 32CFR736.2]

[Page 364]
 
                       TITLE 32--NATIONAL DEFENSE
 
                   CHAPTER VI--DEPARTMENT OF THE NAVY
 
PART 736--DISPOSITION OF PROPERTY--Table of Contents
 
Sec. 736.2  Dispositions under contracts.

    (a) Contractor inventory (that is, personal property acquired by a 
contractor under terms vesting title in the Government but in excess of 
the amount required for performance of a contract) may be sold to the 
contractor or otherwise disposed of in accordance with the terms and 
conditions set forth in the contract and applicable Navy instructions. 
See also parts 8 and 13 and Secs. 30.2 and 30.3 of this title.
    (b) Industrial and plant equipment provided by the Government to a 
contractor for the performance of a contract may, subject to applicable 
statutory authority and Navy instructions be disposed of in accordance 
with the applicable contract terms and conditions.
    (c) Transfer to nonprofit education or research institutions of 
title to equipment purchased with funds available for grants or 
contracts for the conduct of basic or applied research is authorized by 
the act of September 6, 1958 (sec. 2, 72 Stat. 1793; 42 U.S.C. 1892) and 
implementing regulations (Secs. 13.800 to 13.803 of this title).