The head of an executive agency may vest title in tangible personal property in a nonprofit institution of higher education or in a nonprofit organization whose primary purpose is conducting scientific research—
(1) when the property is bought with amounts provided under a procurement contract, grant agreement, or cooperative agreement with the institution or organization to conduct basic or applied scientific research;
(2) when the head of the agency decides the vesting furthers the objectives of the agency;
(3) without further obligation to the United States Government; and
(4) under conditions the head of the agency considers appropriate.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1004.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
6306 | 41:506. | Feb. 3, 1978, Pub. L. 95–224, §7, 92 Stat. 5. |
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Last modified: October 26, 2015