41 CFR 105-72.407

§ 105-72.407 Property trust relationship.

United States · 41 CFR — Public Contracts and Property Management · Status: effective

Cite this

Citation: 41 CFR 105-72.407, § 105-72.407 Property trust relationship, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/199095
Permanent ID: ys:prov:199095@1
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Full text

Real property, equipment, intangible property and debt instruments that are acquired or improved with Federal funds shall be held in trust by the recipient as trustee for the beneficiaries of the project or program under which the property was acquired or improved. Agencies may require recipients to record liens or other appropriate notices of record to indicate that personal or real property has been acquired or improved with Federal funds and that use and disposition conditions apply to the property.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.