Statute · United States Code
31 U.S.C. § 6306 — Authority to vest title in tangible personal property for research
31 U.S.C. § 6306
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- employee-benefits-and-executive-compensation
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.
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.