The head of an executive agency may vest title in tangible personal property in a nonprofit institution of higher education or in a nonprofit organization whose primary purpose is conducting scientific research—

((1)) when the property is bought with amounts provided under a procurement contract, grant agreement, or cooperative agreement with the institution or organization to conduct basic or applied scientific research;

((2)) when the head of the agency decides the vesting furthers the objectives of the agency;

((3)) without further obligation to the United States Government; and

((4)) under conditions the head of the agency considers appropriate.