§ 6306. Authority to vest title in tangible personal property for research
§ 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.