The term on-site property refers to surplus federal real property and any associated personal property that is located on the same site. This definition is established under federal regulations, specifically in the context of property that can be utilized for educational purposes.
On-site property is primarily used in the context of federal regulations governing the disposal and utilization of surplus real estate. It is relevant in legal areas such as property law and education law, particularly when discussing the allocation of federal resources for educational institutions. Users may encounter forms or procedures related to the acquisition or management of on-site property, which can be facilitated through resources like US Legal Forms.
Here are a couple of examples of abatement:
Example 1: A federal government building that is no longer needed and is designated as surplus can be repurposed as a school facility. This building, along with any furniture or equipment inside, qualifies as on-site property.
Example 2: A local school district acquires a surplus federal land parcel to build a new educational facility. The land and any existing structures on it are considered on-site property. (hypothetical example)
On-site property is governed by federal regulations, specifically Title 34 of the Code of Federal Regulations (CFR), Part 12, which outlines the disposal and utilization of surplus federal real property for educational purposes. No additional specific laws apply at this time.
| Term | Definition | Difference |
|---|---|---|
| Off-site property | Property that is not located on the same site as the main property. | On-site property is specifically located on the same premises. |
| Surplus property | Property that is no longer needed by the federal government. | On-site property is a subset of surplus property that is specifically available for educational purposes. |
If you are involved in the acquisition or management of on-site property, consider the following steps:
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| Attribute | Details |
|---|---|
| Typical Use | Educational institutions acquiring surplus federal property. |
| Jurisdiction | Federal regulations govern on-site property. |
| Associated Fees | May vary based on property type and acquisition process. |
On-site property refers to surplus federal real property that is available for educational purposes and is located on the same site.