§ 1130.200. Purpose of PROP Article II.
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/us/cfr/t2/s§ 1130.200·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)PROP Article II prescribes standards for:
(1)Insurance coverage for real property and equipment acquired or improved under awards;
(2)The system that a recipient uses to manage both equipment that is acquired or improved in whole or in part under awards and federally owned property.
(b)It thereby implements OMB guidance in 2 CFR 200.310 and 200.313(d)(1) through (4), and partially implements 2 CFR 200.313(b).
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