§1108.185. Federal interest.
2 C.F.R. § 1108.185
Federal interest means, in relation to real property, equipment, or supplies acquired or improved under an award or subaward, the dollar amount that is the product of the:
Federal share of total project costs; and
Current fair market value of the property, improvements, or both, to the extent the costs of acquiring or improving the property were included as project costs.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301 and 10 U.S.C. 113.
Source
Source: 85 FR 51230, Aug. 19, 2020, unless otherwise noted.