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Current as of October 02, 2022 | Updated by FindLaw Staff
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:
(a) Federal share of total project costs; and
(b) 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.
Cite this article: FindLaw.com - Code of Federal Regulations Title 2. Grants and Agreements § 2.1108.185 Federal interest - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-2-grants-and-agreements/cfr-sect-2-1108-185/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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