Common use of Disposition of Program Income Clause in Contracts

Disposition of Program Income. Program Income generated under this Award may only be used to reduce the Federal share of the project. On each SF 425 You submit You must note all Program Income earned and expended during that reporting period. For further guidance regarding Program Income, see 2 C.F.R. § 215.24 or 13 C.F.R. § 143.25, as appropriate. Include the appropriate C.F.R for this reference

Appears in 2 contracts

Sources: Grant Agreement, Notice of Award