§1303.50. Third party leases and occupancy arrangements.
45 C.F.R. § 1303.50
After November 7, 2016, if a grant recipient receives federal funds to purchase, construct or renovate a facility on real property the grant recipient does not own or to purchase or renovate a modular unit on real property the grant recipient does not own, the grant recipient must have a lease or other occupancy agreement of at least 30 years for purchase or construction of a facility and at least 15 years for a major renovation or placement of a modular unit.
The lease or occupancy agreement must—
Provide for the grant recipient's right of continued use and occupancy of the leased or occupied premises during the entire term of the lease;
Designate the regional grants management officer to receive a copy of any notice of default given to the grant recipient under the terms of the agreement and include the regional grants management officer's current address;
Specify that the responsible HHS official has the right to cure any default under the lease or occupancy agreement within the designated period to cure default; and,
Specify that the responsible HHS official has the right to transfer the lease to another interim or replacement grant recipient.
Notes, amendments, and revision history
Authority
Authority: 42 U.S.C. 9801 et seq.
Source
Source: 81 FR 61412, Sept. 6, 2016, unless otherwise noted.