2019-875-E AMS - NC State University electric vehicle charger replacement grant

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DocuSign Envelope ID:78958EB7-5B02-4CA0-8EAF-F3E892A7B33B eCFR -Code of Federal Regulations hI fps:llwww,ec fr.govlcgi-min/text-idx?SID=740W502c549f3cI IdE. APPENDIX ELECTRONIC CODE OF FEDERAL REGULATIONS e-CFR data is current as of August 11, 2017 Title 2—Subtitle A Chapter 11--4, Part 200--� Subpart D Subject Group Title 2:Grants and Agreements PART 200--UNIFORM ADMINISTRATIVE REQUIREMENTS,COST PRINCIPLES,AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS Subpart D---Posl Federal Award Requirements PROPERTY STANDARDS §200.310 Insurance coverage. The non-Federal entity must,at a minimum,provide the equivalent Insurance coverage for real property and equipment acquired or improved with Federal funds as provided to property owned by the non-Federal entity. Federally- owned property need not be insured unless required by the terms and conditions of the Federal award. §200.311 Real property. (a) Title. Subject to the obligations and conditions set forth in this section,title to real property acquired or improved under a Federal award will vest upon acquisition In the non-Federal entity. (b)Use. Except as otherwise provided by Federal statutes or by the Federal awarding agency,real property will be used for the originally authorized purpose as long as needed for that purpose,during which time the non-Federal entity must not dispose of or encumber its title or other interests. (c)Disposition.When real property is no longer needed for the originally authorized purpose,the non-Federal entity must obtain disposition instructions from the Federal awarding agency or pass-through entity.The instructions must provide for one of the following alternatives: (1) Retain title after compensating the Federal awarding agency.The amount paid to the Federal awarding agency will be computed by applying the Federal awarding agency's percentage of participation in the cost of the original purchase (and costs of any improvements)to the fair market value of the property.However,in those situations where the non- Federal entity is disposing of real property acquired or improved with a Federal award and acquiring replacement real property under the same Federal award,the net proceeds from the disposition may be used as an offset to the cost of the replacement property. (2)Sell the property and compensate the Federal awarding agency.The amount due to the Federal awarding agency will be calculated by applying the Federal awarding agency's percentage of participation in the cost of the original purchase(and cost of any improvements)to the proceeds of the sate after deduction of any actual and reasonable selling and fixing-up expenses. If the Federal award has not been closed out,the net proceeds from sale may be offset against the original cost of the property. When the non-Federal entity is directed to sell property,sales procedures must be followed that provide for competition to the extent practicable and result In the highest possible return. (3)Transfer title to the Federal awarding agency or to a third party designatedlapproved by the Federal awarding agency.The non-Federal entity is entitled to be paid an amount calculated by applying the non-Federal entity's percentage of participation In the purchase of the real property(and cost of any improvements)to the current fair market value of the property. t78 FR 78608,Dec.26,2013,as amended at 79 FR 75884,Dec. 19,20141 §20D.312 Federally-owned and exempt property. (a)Title to federally-owned property remains vested in the Federal Government.The non-Federal entity must submit annually an Inventory listing of federally-owned property in its custody to the Federal awarding agency.Upon completion of the Federal award or when the property Is no longer needed,the non-Federal entity must report the property to the Federal awarding agency for further Federal agency utilization. I of 4 8/15/17, 12:15 PM