Program income use.

CFR · 2024-01-01 · US · Title 2

(a) (b) (1) The terms and conditions may specify one of the following ways for recipients to use program income: (i) (ii) (iii) (iv) (2) For research awards, absent compelling reasons to do otherwise for a specific set of general terms and conditions, a DoD Component must specify the addition alternative described in paragraph (b)(1)(i) of this section. (3) For general terms and conditions of other awards, a Component may specify any of the alternatives described in paragraph (a) of this section. However, the cost sharing or matching alternative is best used as part of a combination alternative, as described in paragraph (b)(1)(iv) of this section, unless the DoD Component knows at the time awards are made how much program income recipients will earn in relation to the amounts of their required cost sharing or matching. (c) (i) Research awards; and (ii) Other awards for which it elects to specify the addition alternative for use of program income. (2) (i) Substituting the following wording for the wording of paragraph E.1: “1. You must use any program income that you earn during the period of performance under this award as a deduction from the total approved budget of this award. The program income must be used for the purposes and in accordance with the terms and conditions of the award.” (ii) Including an additional paragraph E.4, such as the following, to inform recipients how the award will change if program income is deducted: “If you report program income on the Federa

official document · source cfr-2024 · id 2:§ 1128.720