§ 305.8 - Recipient-furnished equipment and materials.

§ 305.8 Recipient-furnished equipment and materials.

Cross Reference

Link to an amendment published at 82 FR 57054, Dec. 1, 2017.

The Recipient may wish to incorporate into the Project equipment or materials that it will secure through its own efforts, subject to the following requirements:

(a) EDA must approve any use of Recipient-furnished equipment and materials. EDA may require that major equipment items be subject to a lien in favor of EDA and also may require a statement from the Recipient regarding expected useful life and salvage value of such equipment;

(b) EDA may require the Recipient to establish that the expense claimed for such equipment or materials is competitive with current local market costs; and

(c) Acquisition of Recipient-furnished equipment or materials under this section also is subject to the requirements of 15 2 CFR part 14 or 24, as applicable200.

[71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76132, Dec. 19, 2014; 82 FR 57054, Dec. 1, 2017]