CFR > Title 45 - Public Welfare > SUBTITLE B—Regulations Relating to Public Welfare > CHAPTER XI—NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES (parts 1100 to 1186) > SUBCHAPTER B—NATIONAL ENDOWMENT FOR THE ARTS (parts 1150 to 1159) > PART 1157—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE AND LOCAL GOVERNMENTS > SUBPART C—Post-Award Requirements (§1157.20 to §1157.44) > 1157.33—Supplies.

1157.33—Supplies.

(a) Title. Title to supplies acquired under a grant or subgrant will vest, upon acquisition, in the grantee or subgrantee respectively.
(b) Disposition. If there is a residual inventory of unused supplies exceeding $5,000 in total aggregate fair market value upon termination or completion of the award, and if the supplies are not needed for any other federally sponsored programs or projects, the grantee or subgrantee shall compensate the awarding agency for its share.