Common use of Program Income Requirements Clause in Contracts

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. 9.21.3.1 9.19.3.1 Program Income includes, but is not limited to: 9.21.3.1.1 9.19.3.1.1 Income received by Contractor or Subcontractors subcontractors directly generated by a grant support activity, or earned only as a result of the grant Contract Master Agreement during the grant period. 9.21.3.1.2 9.19.3.1.2 Income from usage or rental fees of real or personal property acquired with Contract Master Agreement Sums. 9.21.3.1.3 9.19.3.1.3 Interest income earned on funds received under this Contract Master Agreement is included. 9.21.3.2 9.19.3.2 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 9.19.3.3 Contractor shall use Program Income to expand baseline Program Services. 9.21.3.4 9.19.3.4 Contractor shall report Program Income in Exhibit W S (Budget) and shall expend Program Income under the same terms and conditions as the Contract Master Agreement Sums from which it is generated. 9.21.3.5 9.19.3.5 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 S (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 9.19.3.6 Contractor shall not use Program Income to meet the match contribution requirement of this ContractMaster Agreement. 9.21.3.7 9.19.3.7 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.