2 CFR §1136.220

1. (a)OMB guidance. OMB guidance in:
   1. (1)2 CFR 200.334 states that a Federal awarding agency must request that a recipient transfer records to its custody if the agency determines that the records have value that warrants long-term retention. It also provides that the agency may instead arrange for the recipient to retain records that are continuously needed for joint use.
   2. (2)2 CFR 200.333(d) exempts records transferred to a Federal agency from the standard records retention requirement.
2. (b)DoD implementation. A DoD Component's general terms and conditions must inform recipients that they may be asked to transfer records, maintain them for joint use, or retain them for a longer period.
3. (c)Award terms and conditions. A DoD Component's general terms and conditions must use the wording appendix B to this part provides for Section D of OAR Article II.