§ 1130.205 Insurance coverage for real property and equipment.
FederalRegulations
Ask Donna
How this section applies to your facts.
Title 2—Federal Financial Assistance > Subtitle B—Federal Agency Regulations for Grants and Agreements > CHAPTER XI—DEPARTMENT OF DEFENSE > SUBCHAPTER D—ADMINISTRATIVE REQUIREMENTS TERMS AND CONDITIONS FOR COST-TYPE GRANTS AND COOPERATIVE AGREEMENTS TO NONPROFIT AND GOVERNMENTAL ENTITIES Source:85 FR 51161, Aug. 19, 2020, unless otherwise noted. > PART 1130—PROPERTY ADMINISTRATION: GENERAL AWARD TERMS AND CONDITIONS > Subpart B—Property Management System (PROP Article II)
Text
(a) OMB guidance. OMB guidance in 2 CFR 200.310 includes a requirement for recipients' insurance coverage for real property and equipment acquired or improved under grants and cooperative agreements and states that federally owned property need not be insured unless required by Federal award terms and conditions.
(b) DoD implementation. A DoD Component's general terms and conditions must require recipients to provide insurance coverage for real property and equipment acquired or improved under awards. However, unless a statute or program regulation adopted in the Code of Federal Regulations after opportunity for public comment specifies otherwise, DoD awards will not require recipients to insure federally owned property.
(c) Award terms and conditions. A DoD Component's general terms and conditions therefore must either:
(1) Include the wording appendix B to this part provides for Section A of PROP Article II; or
(2) Reserve Section A of PROP Article II if there will be no real property or equipment acquired or improved under awards using those terms and conditions or subawards under those awards.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.