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the original grant purposes. Use in other projects shall be limited to those under <br />other Federal grant programs, or programs that have purposes consistent with <br />those authorized for support by the City. <br />C. When the real property is no longer needed as provided in a. and b., above, <br />Contractor shall return all real property furnished or purchased wholly with <br />Federal grant funds to the control of the City. In the case of property purchased in <br />part with Federal grant funds, Contractor may be permitted to take title to the <br />Federal interest therein upon compensating the Federal Government for its fair <br />share of the property. The Federal share of the property shall be the amount <br />computed by applying the percentage of the Federal participation in the total cost <br />of the grant program for which the property was acquired to the current fair <br />market value of the property. <br />4. Standards and procedures governing ownership, use, and disposition of nonexpendable <br />personal property furnished by the Federal Government or acquired with Federal funds <br />are set forth below: <br />A. Nonexpendable personal property acquired with Federal funds. When <br />nonexpendable personal property is acquired by a grantee wholly or in part with <br />Federal funds, title will not be taken by the Federal Government except as <br />provided in paragraph 4(a)(4), but shall be vested in the grantee subject to the <br />following restrictions on use and disposition of the property. <br />1) Contractor shall retain the property acquired with Federal funds in the <br />grant program as long as there is a need for the property to accomplish the <br />purpose of the grant program whether or not the program continues to be <br />supported by federal funds. When there is no longer a need for the <br />property to accomplish the purpose of the grant program, the grantee shall <br />use the property in connection with other Federal grants it has received in <br />the following order of priority. <br />a) Other grants of the same Federal grantor agency needing the <br />property. <br />b) Grants of other Federal agencies needing the property. <br />2) When Contractor no longer has need for the property in any of its Federal <br />grant programs, the property may be used for its own official activities in <br />accordance with the following standards: <br />a) Nonexpendable property with an acquisition cost of less than $500 <br />and used four years or more. Contractor may use the property for <br />Exhibit F — Building Futures page 2 of 5 <br />September 16, 2002 <br />GACommunity Development\CDBG\BuildingFutures\FP2002-03 <br />