11.  PROPERTY.

    a. Real and Tangible Personal Property.

          (1)  No real property may be acquired under this award.

           (2)  Equipment and supplies acquired by the grantee with Federal funds:

                  Equipment

The grantee shall be accountable for equipment under the grant with a unit acquisition cost of $5,000 or more, in accordance with 10 CFR 600.320 – 10 CFR 600.323.

                   Supplies

Any unused supplies that exceed an aggregate fair market value of $5,000 must be accounted for during closeout of the award.  The grantee may retain these supplies under the following conditions:

                        - Supplies are needed for other Federally sponsored projects or programs.

- The grantee shall compensate DOE for its share for those supplies that are sold or used on non-Federally sponsored activities.

(3)  Title to equipment purchased under this award lies with the government.  It may be transferred to the grantee where such transfer would be more cost     effective than recovery of the property by the government.

(4)  All grantees shall follow property management policies and procedures that provide for adequate control of the acquisition and use of the assets acquired under the grant.

   b.  Intangible Property.  (See Terms 26 through 28.)