§ 1631.10 Use of property in compliance with LSC’s statutes and regulations
§ 1631.11 Intellectual property
§ 1631.12 Disposing of personal property purchased with LSC funds
§ 1631.13 Use of derivative income from sale of personal property purchased with LSC funds

Terms Used In CFR > Title 45 > Subtitle B > Chapter XVI > Part 1631 > Subpart C - Personal Property Management

  • Contract: A legal written agreement that becomes binding when signed.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Personal property: All property that is not real property.