45 CFR 2544.150 - How will accepted donations be recorded and used?

Regulations last checked for updates: May 02, 2024

Title 45 - Public Welfare last revised: Apr 30, 2024

View all text of Part 2544 [§ 2544.100 - § 2544.150]

§ 2544.150 - How will accepted donations be recorded and used?

(a) All accepted donations of money and other property will be reported to the Chief Financial Officer (CFO) of the Corporation for recording and appropriate disposition.

(b) All donations of personal services of a volunteer will be reported to the CFO and to the Personnel Division of the Corporation for processing and documentation.

(d) Property will be used as nearly as possible in accordance with the terms of the donation. If no terms are specified, or the property can no longer be used for its original purpose, the property will be converted to another authorized use or sold in accordance with Federal regulations. The proceeds of the sale will be used for an authorized purpose described in § 2544.125.

authority: 42 U.S.C. 12501

source: 60 FR 28355, May 31, 1995, unless otherwise noted.

cite as: 45 CFR 2544.150