Sec. 101. Treatment of program income and labor standards
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Section 104 ( 25 U.S.C. 4114 ) is amended— in subsection (a), by striking paragraph
(1)and inserting the following: Notwithstanding any other provision of this Act, a recipient may retain any program income that is realized from any grant amounts under this Act if— the income was realized after the initial disbursement of the grant amounts received by the recipient; and the recipient has agreed that the recipient will utilize the income for housing related activities in accordance with this Act. Any income that is realized by a recipient from program income shall— be considered nonprogram income; and have no restrictions on use. ; and in subsection (b), by striking paragraph
(3)and inserting the following: Paragraph
(1)shall not apply to any contract or agreement for assistance, sale, or lease pursuant to this Act, if that contract or agreement is otherwise covered by 1 or more laws or regulations adopted by an Indian tribe that requires the payment of not less than prevailing wages, as determined by the Indian tribe. The prevailing wages described in subparagraph
(A)shall apply to the administration of all Federal funding for projects funded in part by funds authorized under this Act. .
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Sec. 101
Treatment of program income and labor standards
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