§ 37.1335. Program income.
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/us/cfr/t32/s§ 37.1335·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Gross income earned by the recipient or a participant that is generated by a supported activity or earned as a direct result of a TIA. Program income includes but is not limited to: income from fees for performing services; the use or rental of real property, equipment, or supplies acquired under a TIA; the sale of commodities or items fabricated under a TIA; and license fees and royalties on patents and copyrights. Interest earned on advances of Federal funds is not program income.