Who owns the property after it has been transferred to a school or educational nonprofit?
When an agency direct transfers a computer to a school or educational nonprofit activity under 15 USC, the holding federal agency releases Government ownership of the computer and the recipient activity gains title to the property upon receipt. When an agency transfers a computer to a school or educational nonprofit activity under 40 USC, the educational activity has conditional title to the property until use restrictions are met (which usually involves a one-year period of restriction).
Related Questions
- Is there a limit to how much excess computer equipment an agency may transfer to a school or educational nonprofit organization?
- How should agencies account for computers that they have transferred to schools and educational nonprofit organizations?
- Who owns the property after it has been transferred to a school or educational nonprofit?
