Common use of USE OF PROGRAM INCOME Clause in Contracts

USE OF PROGRAM INCOME. The approved project includes activities that will generate program income. ▇▇▇▇▇▇ earned as a result of award-supported activities during the award period must be accounted for in accordance with 2 CFR 200.307. Estimated program income for the project period is $300,000, using the additive method of crediting program income. Budget period year 1, estimated program income is $60,000. The program income must be used for the purposes and under the conditions of the cooperative agreement award. Disposition of any unexpended program income at the end of the award will require review by the Service. The recipient has no obligation to the Service with respect to program income earned from license fees and royalties for copyrighted material, patents, patent applications, trademarks, and inventions made under this award. The recipient must report all program income generated through the performance of this award on the Standard Form (SF) 425, Federal Financial Report form (see the Reporting Requirements section of this document).

USE OF PROGRAM INCOME. The approved project includes activities that will generate program income. ▇▇▇▇▇▇ earned as a result of award-supported activities during the award period must be accounted for in accordance with 2 CFR 200.307. Estimated program income for the project period is $300,000, using the additive method of crediting creding program income. Budget period year 1, estimated program income is $60,000. The program income must be used for the purposes and under the conditions of the cooperative agreement award. Disposition of any unexpended program income at the end of the award will require review by the Service. The recipient recipinet has no obligation to the Service with respect to program income earned from license fees and royalties for copyrighted material, patents, patent applications, trademarkstrademarkes, and inventions made under this award. The recipient must report all program income generated through the performance of this award on the Standard Form (SF) 425, Federal Financial Report form (see the Reporting Requirements section of this document).