Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 2 - Grants and Agreements |
Subtitle B - Federal Agency Regulations for Grants and Agreements |
Chapter XI - Department of Defense |
SubChapter A - General Matters and Definitions |
Part 1108 - Definitions of Terms Used in Subchapters a Through F of This Chapter |
Subpart B - Definitions |
§ 1108.185 - Federal interest.
Latest version.
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§ 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.