§ 1807.303. Authorized uses of Program Income.
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/us/cfr/t12/s§ 1807.303·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Program Income earned in the form of principal and equity repayments must be used by the Recipient in the manner further set forth in the Assistance Agreement.
(b)Program Income earned in the form of interest payments, and all other forms of Program Income (except for that which is earned as described in paragraph
(a)of this section), must be used by the Recipient as set forth in the Assistance Agreement and in accordance with 2 CFR part 200.
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- 2 CFR 200
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§ 1807.303
Authorized uses of Program Income.
Cite2 CFR 200
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