Title 31 — Money and FinanceRelease 119-73
§6306 Authority to vest title in tangible personal property for research
Title 31 › Subtitle SUBTITLE V— - GENERAL ASSISTANCE ADMINISTRATION › Chapter CHAPTER 63— - USING PROCUREMENT CONTRACTS AND GRANT AND COOPERATIVE AGREEMENTS › § 6306
Summary
An agency head may give property bought with contract, grant, or cooperative funds for basic or applied scientific research to a nonprofit college or research organization, free of further U.S. obligations and under terms the head sets.
Full Legal Text
Title 31, §6306
Money and Finance — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 630641:506.Feb. 3, 1978, Pub. L. 95–224, § 7, 92 Stat. 5. The text of 41:506(a) is omitted as unnecessary because it duplicates the requirements of section 6303–6305 of the revised title. The word “equipment” is omitted as being included in “tangible personal property”. The words “amounts provided under a contract, grant agreement, or cooperative agreement” are substituted for “such funds” for clarity. The words “decides the vesting” are substituted for “it is deemed” for clarity. The word “conditions” is substituted for “terms and conditions” because it is inclusive.
Reference
Citations & Metadata
Citation
31 U.S.C. § 6306
Title 31 — Money and Finance
Last Updated
Apr 6, 2026
Release point: 119-73