Control
(a) Control. The recipient must maintain: (1) Property records for CERCLA-funded property which include the contents specified in 35.6700(c); (2) A control system that ensures adequate safeguards for prevention of loss, damage, or theft of the property. The recipient must make provisions for the thorough investigation and documentation of any loss, damage, or theft; (3) Procedures to ensure maintenance of the property are in good condition and periodic calibration of the instruments used for precision measurements; (4) Sales procedures to ensure the highest possible return, if the recipient is authorized to sell the property; (5) Provisions for financial control and accounting in the financial management system of all equipment; and (6) Identification of all federally owned property.