§ 6306. — Authority to vest title in tangible personal property for research.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC6306]
TITLE 31--MONEY AND FINANCE
SUBTITLE V--GENERAL ASSISTANCE ADMINISTRATION
CHAPTER 63--USING PROCUREMENT CONTRACTS AND GRANT AND COOPERATIVE
AGREEMENTS
Sec. 6306. Authority to vest title in tangible personal property
for research
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.)
Historical and Revision Notes
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Revised Section Source (U.S. Code) Source (Statutes at Large)
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6306................................. 41:506. Feb. 3, 1978, Pub. L. 95-224, Sec. 7, 92
Stat. 5.
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The text of 41:506(a) is omitted as unnecessary because it
duplicates the requirements of sections 6303-6305 of the revised title.
The word ``equipment'' is omitted as being included in ``tangible
personal property''. The words ``amounts provided under a contract,
grant agreement, or cooperative agreement'' are substituted for ``such
funds'' for clarity. The words ``decides the vesting'' are substituted
for ``it is deemed'' for clarity. The word ``conditions'' is substituted
for ``terms and conditions'' because it is inclusive.
Section Referred to in Other Sections
This section is referred to in title 43 section 373d.
