Federally owned property refers to any property that is either held by the federal government or directly acquired by it. This property is then made available to recipients, which can include individuals, organizations, or entities that meet specific criteria set by the government. Understanding this term is important for those involved in federal grants, agreements, or property management.
This term is commonly used in the context of federal grants and agreements, particularly in administrative and regulatory frameworks. It is relevant in areas such as:
Individuals or organizations that receive federally owned property may need to complete specific forms or comply with regulations, which can often be managed using resources like US Legal Forms.
Here are a couple of examples of abatement:
Example 1: A nonprofit organization receives a grant from the federal government to use a building owned by the government for community programs.
Example 2: A local government agency is granted access to federally owned land for conservation efforts (hypothetical example).
One of the primary regulations governing federally owned property is found in Title 32 of the Code of Federal Regulations (CFR), specifically 32 CFR 34.2. This regulation outlines the definitions and administrative requirements for grants and agreements involving federally owned property.
| Term | Definition | Difference |
|---|---|---|
| Government Property | Property owned by any level of government. | Federally owned property specifically refers to property owned by the federal government. |
| Public Property | Property owned by the public or government for public use. | Federally owned property is a subset of public property, specifically at the federal level. |
If you believe you may be dealing with federally owned property, consider the following steps:
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