Property Records. The Subrecipient shall maintain real property inventory records, which clearly identify properties purchased, improved, or sold. Subrecipient will adhere to 2 CFR § 200.329, which requires annual reporting of real property for which there is a Federal interest. If the Federal interest extends beyond fifteen (15) years the reporting periods are multiyear reporting periods.
Appears in 3 contracts
Sources: CDBG Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement
Property Records. The Subrecipient shall maintain real property inventory records, which clearly identify properties purchased, improved, or sold. Subrecipient will adhere to 2 CFR § 200.329, which requires annual reporting of real property for which there is a Federal interest. If the Federal interest extends beyond fifteen (15) years 15 years, the reporting periods are multiyear multi-year reporting periods.
Appears in 2 contracts
Sources: Subrecipient Agreement, Subrecipient Agreement