Content Last Revised: 7/27/94 ---DISCLAIMER---

CFR	Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 29

Labor

Chapter I

Office of the Secretary of Labor

Part 95

Grants and Agreements With Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations, and With Commercial Organizations, Foreign Governments, Organizations Under the Jurisdiction of Foreign Governments, and International Organizations

Subpart C

Post-Award Requirements

• Section Number: 95.33
• Section Name: Federally-owned and exempt property.

    (a) Federally-owned property.
    (1) Title to federally-owned property remains vested in the Federal 
Government. Recipients shall submit annually an inventory listing of 
federally-owned property in their custody to DOL. Upon completion of the 
award or when the property is no longer needed, the recipient shall 
report the property to DOL for further Federal agency utilization.
    (2) If DOL has no further need for the property, it shall be 
declared excess and reported to the General Services Administration, 
unless DOL has statutory authority to dispose of the property by 
alternative methods (e.g., the authority provided by the Federal 
Technology Transfer Act (15 U.S.C. 3710(i)) to donate research equipment 
to educational and non-profit organizations in accordance with E.O. 
12821, ``Improving Mathematics and Science Education in Support of the 
National Education Goals.'') Appropriate instructions shall be issued to 
the recipient by DOL.
    (b) Exempt property.
    When statutory authority exists, DOL has the option to vest title to 
property acquired with Federal funds in the recipient without further 
obligation to the Federal Government and under conditions DOL considers 
appropriate. Such property is ``exempt property.'' Should DOL not 
establish conditions, title to exempt property upon acquisition shall 
vest in the recipient without further obligation to the Federal 
Government.