2 C.F.R. § 1108.185

Current through September 30, 2024

Section 1108.185 - Federal interest

Federal interest means, in relation to real property, equipment, or supplies acquired or improved under an award or subaward, the dollar amount that is the product of the:

(a) Federal share of total project costs; and

(b) Current fair market value of the property, improvements, or both, to the extent the costs of acquiring or improving the property were included as project costs.

2 C.F.R. §1108.185

85 FR 51230, 10/19/2020