§ 641.803. What is program income?
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/us/cfr/t20/s§ 641.803·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Program income, as described in 29 CFR 97.25 (State and local governments) and 29 CFR 95.2(bb) (non-profit and commercial organizations), is income earned by the recipient or sub-recipient during the grant period that is directly generated by an allowable activity supported by grant funds or earned as a result of the award of grant funds. Program income includes income earned from license fees and royalties for copyrighted material, patents, patent applications, trademarks, and inventions produced under an award.
(See 29 CFR 95.24(e) (non-profit and commercial organizations) and 29 CFR 97.25(e) (State and local governments)). Costs of generating SCSEP program income may be deducted from gross income received by SCSEP recipients and sub-recipients to determine SCSEP program income earned or generated provided these costs have not been charged to the SCSEP.
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- 29 CFR 97.25
- 29 CFR 95.2(bb)
- 29 CFR 95.24(e)
- 29 CFR 97.25(e)
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§ 641.803
What is program income?
Cite29 CFR 97.25
Cite29 CFR 95.2(bb)
Cite29 CFR 95.24(e)
Cite29 CFR 97.25(e)
Cites 4Cited by 0 across 0 sources