13 C.F.R. § 305.8   Recipient-furnished equipment and materials.


Title 13 - Business Credit and Assistance


Title 13: Business Credit and Assistance
PART 305—PUBLIC WORKS AND ECONOMIC DEVELOPMENT INVESTMENTS
Subpart B—Requirements for Approved Projects

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§ 305.8   Recipient-furnished equipment and materials.

The Recipient may wish to incorporate into the Project equipment or materials that it will secure through its own efforts, subject to the following requirements:

(a) EDA must approve any use of Recipient-furnished equipment and materials. EDA may require that major equipment items be subject to a lien in favor of EDA and may also require a statement from the Recipient regarding expected useful life and salvage value of such equipment;

(b) EDA may require the Recipient to establish that the expense claimed for such equipment or materials is competitive with current local market costs; and

(c) Acquisition of Recipient-furnished equipment and/or materials under this section is also subject to the requirements of 15 CFR parts 14 or 24, as applicable.

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