32 C.F.R. · National Defense
32 C.F.R. § 196.120

Transfers of property.

Title 32 C.F.R. ● ACTIVE Primary Source
Regulatory Text

32 C.F.R. § 196.120 — Transfers of property.

§ 196.120 Transfers of property. If a recipient sells or otherwise transfers property financed in whole or in part with Federal financial assistance to a transferee that operates any education program or activity, and the Federal share of the fair market value of the property is not upon such sale or transfer properly accounted for to the Federal Government, both the transferor and the transferee shall be deemed to be recipients, subject to the provisions of §§ 196.205 through 196.235(a).

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR32-SEC-AB24A4
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32 C.F.R. § 196.120
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The regulatory text of 32 C.F.R. § 196.120 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 32 32 C.F.R. § 196.120