41 CFR § 105-72.407 - Property trust relationship.

---
identifier: "/us/cfr/t41/s105-72.407"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "41 CFR § 105-72.407 - Property trust relationship."
title_number: 41
title_name: "Public Contracts and Property Management"
section_number: "105-72.407"
section_name: "Property trust relationship."
chapter_number: 105
chapter_name: "GENERAL SERVICES ADMINISTRATION"
part_number: "105-72"
part_name: "72—UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "40 U.S.C. 486(c)."
regulatory_source: "59 FR 47268, Sept. 15, 1994, unless otherwise noted."
cfr_part: "105-72"
---


# 105-72.407 Property trust relationship.

Real property, equipment, intangible property and debt instruments that are acquired or improved with Federal funds shall be held in trust by the recipient as trustee for the beneficiaries of the project or program under which the property was acquired or improved. Agencies may require recipients to record liens or other appropriate notices of record to indicate that personal or real property has been acquired or improved with Federal funds and that use and disposition conditions apply to the property.