Program income.

CFR · 2024-01-01 · US · Title 10

(a) The standards set forth in this section shall be used to account for program income related to projects financed in whole or in part with DOE funds. (b) Except as provided in paragraph (h) of this section, program income earned during the project period shall be retained by the recipient and, in accordance with program regulations or the terms and conditions of the award, shall be used in one or more of the following ways. (1) Added to funds committed to the project and used to further eligible project objectives. (2) Used to finance the non-DOE share of the project. (3) Deducted from the total project allowable cost in determining the net allowable costs on which the share of costs is based. (c) When DOE authorizes the disposition of program income as described in paragraphs (b)(1) or (b)(2) of this section, program income in excess of any limits stipulated shall be used in accordance with paragraph (b)(3) of this section. (d) In the event that the program regulations or the terms and conditions of the award do not specify how program income is to be used, paragraph (b)(3) of this section shall apply (e) Unless program regulations or the terms and conditions of the award provide otherwise, recipients shall have no obligation to the Federal Government regarding program income earned after the end of the project period. (f) Unless program regulations or the terms and conditions of the award provide otherwise, costs incident to the generation of program income may be deduct

official document · source cfr-2024 · id 10:§ 600.124