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Current as of January 02, 2025 | Updated by Findlaw Staff
(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).
Cite this article: FindLaw.com - Code of Federal Regulations Title 2. Grants and Agreements § 2.1130.200 Purpose of PROP Article II - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-2-grants-and-agreements/cfr-sect-2-1130-200/
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