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Forest Products Laboratory
One Gifford Pinchot Drive
Madison, WI 53726-2398
Phone: (608) 231-9200
Fax: (608) 231-9592


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Requested Product

Title: Equipment Q&A's for Woody Biomass Utilization (WBU) Grants

Source: Forest Products Marketing Unit (FPMU)

Author(s): Forest Products Marketing Unit

Publication Year: 2008  View PDF »

Category: Not Classified

Abstract: Introduction: A federal grant award is considered financial assistance that provides support which stimulates or helps to accomplish a public purpose. A federal grant can be in the form of money or property (e.g. equipment) to aid in accomplishing a public purpose. This Q&A paper provides simple language as to how equipment is managed between the federal agency and a grant recipient. Equipment is defined as a tangible nonexpendable property having a useful life of more than one year and a fair market value of $5,000 or more. The grantee shall call the Forest Products Laboratory Grant Officer if they are contemplating changes in equipment ownership or usage, as described in the Woody Biomass Utilization grant. Any changes MUST BE APPROVED prior to action. The Federal regulations governing equipment are 2CFR 215.34 for non-profit organizations, institutions of higher education, hospitals, for-profit businesses and organizations and 7 CFR 3016.32 for State and local governments.

File size: 30 kb(s)

Date posted: 04/27/2009

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