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Title 10 Part 5 → Subpart A → §5.120

Title 10 → Chapter I → Part 5 → Subpart A → §5.120

Electronic Code of Federal Regulations e-CFR

Title 10 Part 5 → Subpart A → §5.120

e-CFR data is current as of September 12, 2019

Title 10Chapter IPart 5Subpart A → §5.120


Title 10: Energy
PART 5—NONDISCRIMINATION ON THE BASIS OF SEX IN EDUCATION PROGRAMS OR ACTIVITIES RECEIVING FEDERAL FINANCIAL ASSISTANCE
Subpart A—Introduction


§5.120   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 §§5.205 through 5.235(a).