29CFR37.21 - How long will the recipient's obligation under the assurance last, and how broad is the obligation?


	Content Last Revised: 11/12/99 ---DISCLAIMER---

CFR

Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 29

Labor

Chapter I

Office of the Secretary of Labor

Part 37

Implementation of the Nondiscrimination And Equal Opportunity Provisions of the Workforce Investment Act of 1998 (WIA)

Subpart B

Recordkeeping and Other Affirmative Obligations of Recipients

29 CFR 37.21 - How long will the recipient's obligation under the assurance last, and how broad is the obligation?

Section Number: 37.21
Section Name: How long will the recipient's obligation under the assurance last, and how broad is the obligation?

     (a) Where the WIA Title I financial assistance is intended to 
provide, or is in the form of, either personal property, real property, 
structures on real property, or interest in any such property or 
structures, the assurance will obligate the recipient, or (in the case 
of a subsequent transfer) the transferee, for the longer of:
    (1) The period during which the property is used either:
    (i) For a purpose for which WIA Title I financial assistance is 
extended; or
    (ii) For another purpose involving the provision of similar 
services or benefits; or
    (2) The period during which either:
    (i) The recipient retains ownership or possession of the property; 
or
    (ii) The transferee retains ownership or possession of the property 
without compensating the Departmental grantmaking agency for the fair 
market value of that ownership or possession.
    (b) In all other cases, the assurance will obligate the recipient 
for the period during which WIA Title I financial assistance is 
extended.