Disposition of real property.

§ 1130.310 Disposition of real property. (a) OMB guidance. OMB guidance in 2 CFR 200.311(c): (1) Addresses the recipient's responsibility to request disposition instructions for real property when the recipient no longer needs it for the originally authorized purpose; and (2) Identifies three alternative disposition methods those instructions may specify. (b) DoD implementation. DoD implements the guidance in 2 CFR 200.311(c) through award terms and conditions that govern disposition of real property acquired or improved under awards. (c) Award terms and conditions. A DoD Component's general terms and conditions must include the wording appendix C to this part provides for Section B of PROP Article III to specify requirements concerning disposition of real property acquired or improved under awards.