Program Income Requirements Sample Clauses

Program Income Requirements. 9.21.3.1 Program Income includes, but is not limited to: 9.21.3.1.1 Income received by Contractor or Subcontractors directly generated by a grant support activity, or earned only as a result of the grant Contract during the grant period. 9.21.3.1.2 Income from usage or rental fees of real or personal property acquired with Contract Sums. 9.21.3.1.3 Interest income earned on funds received under this Contract is included. 9.21.3.2 Contractor shall adhere to the Program Income requirements outlined herein and in Title 2 Code of Federal Regulations Part 200 et seq. 9.21.3.3 Contractor shall use Program Income to expand baseline Program Services. 9.21.3.4 Contractor shall report Program Income in Exhibit W (Budget) and shall expend Program Income under the same terms and conditions as the Contract Sums from which it is generated. 9.21.3.5 Program Income shall be used to pay for current allowable Program costs in the same Fiscal Year or Program Year that the Program Income is earned. If Program Income is earned in excess of the amount reported in Exhibit W (Budget) then that excess amount may be deferred for use in the first quarter of the following Fiscal Year or Program Year. If such Program Income is deferred for use, Contractor shall use it by the last day of the first quarter of that Fiscal Year or Program Year. 9.21.3.6 Contractor shall not use Program Income to meet the match contribution requirement of this Contract. 9.21.3.7 Contractor shall provide a disposition of all Program Income received and expended as part of the Closeout reporting process in the form, manner and timeline as designated by County.

Program Income Requirements. The Developer, by its acceptance and recordation of the Deed Restriction, does, for the duration of the Affordability Period, hereby agree itself, and its successors and assigns, with the City, its successors and assigns, that the Developer, its successors and assigns, shall fully comply with the restrictive covenants set forth hereinabove and if the Developer, its successors and assigns, fails to comply with any of said covenants, the fee simple title in and to the Project shall, at the option of the City, its successors and assigns, revert to the City, its successors and assigns. Upon request of the City, its successors and assigns, the Developer, its successors and assigns, shall execute and deliver to the City, its successors and assigns, such instruments as are necessary to evidence the reversion of the Project in the public records of Passaic County, New Jersey. Program Income and unexpended funds or other assets will be returned to the City.

Program Income Requirements. 9.21.3.1 Program Income includes, but is not limited to: 9.21.3.1.1 Income received by Subrecipient or Lower Tier Subrecipients directly generated by a grant support activity, or earned only as a result of the grant Subaward during the grant period. 9.21.3.1.2 Income from usage or rental fees of real or personal property acquired with Subaward Sums. 9.21.3.1.3 Interest income earned on funds received under this Subaward is included. 9.21.3.2 Subrecipient shall adhere to the Program Income requirements outlined herein and in Title 2 Code of Federal Regulations Part 200 et seq. 9.21.3.3 Subrecipient shall use Program Income to expand baseline Program Services. 9.21.3.4 Subrecipient shall report Program Income in Budget exhibit(s) and shall expend Program Income under the same terms and conditions as the Subaward Sums from which it is generated. The use of Program Income is restricted to the funding source or Service that was provided and contributed towards. 9.21.3.5 Program Income shall be used to pay for current allowable Program costs in the same Fiscal Year or Program Year that the Program Income is earned. If Program Income is earned in excess of the amount reported in Budget exhibit(s) then County shall recapture the balance of the unexpended Program Income or pursue any other remedies available to County under this Subaward.

Program Income Requirements. All Program Income, as defined in 24 CFR § 570.500(a), earned during any period under which the Subgrantee is assisted, shall be forwarded to the County as expeditiously as possible. The policy of the County is to return all program income to the Subgrantee for use in the project that generated it, but the County retains the right to allocate all program income as it deems appropriate. Proceeds from the sale or other disposition of personal property shall be governed in accordance with 2 CFR pt. 200.

Program Income Requirements. The Contractor hereby agrees to operate the program in compliance with United States Department of Housing and Urban Development Program Income Regulations 24 CFR 570.500, 570.504, HOME Investment Partnership Program Final Rule 24 CFR 92.300, 92.503, and 2 CFR 200, "Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards".

Program Income Requirements. County and Developer agree to comply with Program Income requirements in 24 CFR 570.504 and County policy.

Program Income Requirements. The [City/County] and Developer agree to comply with Program Income requirements in 24 CFR

Program Income Requirements. 9.21.3.1 Program Income includes, but is not limited to: 9.21.3.1.1 Voluntary contributions received from Client or other party for Services received. 9.21.3.1.2 Income from usage or rental fees of real or personal property acquired with Subaward Sums. 9.21.3.1.3 Royalties received on patents and copyrights from Subaward-supported activities. 9.21.3.1.4 Proceeds from the sale of items created under this Subaward. 9.21.3.2 Subrecipient shall adhere to the Program Income requirements outlined herein and in Title 2 Code of Federal Regulations Part 200 et seq. 9.21.3.3 Subrecipient shall use Program Income to expand baseline Program Services. 9.21.3.4 Subrecipient shall report Program Income in Budget exhibit(s) and shall expend Program Income under the same terms and conditions as the Subaward Sums from which it is generated. The use of Program Income is restricted to the funding source or Service that was provided and contributed towards. 9.21.3.5 Program Income shall be used to pay for current allowable Program costs in the same Fiscal Year or Program Year that the Program Income is earned. If Program Income is earned in excess of the amount reported in Budget exhibit(s) then County shall recapture the balance of the unexpended Program Income or pursue any other remedies available to County under this Subaward. 9.21.3.6 Subrecipient shall not use Program Income to meet the match contribution requirement of this Subaward. 9.21.3.7 Subrecipient shall provide a disposition of all Program Income received and expended as part of the Closeout reporting process in the form, manner and timeline as designated by County.