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Code of Federal Regulations Title 20. Employees' Benefits § 20.683.295 Is earning of profit allowed under the Workforce Innovation and Opportunity Act?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a)(1) Under secs. 121(d), 122(a) and 134(b) of WIOA, for-profit entities are eligible to be one-stop operators, service providers, and eligible training providers.

(2) Where for-profit entities are one-stop operators, service providers, and eligible training providers, and those entities are recipients of Federal financial assistance, the recipient or subrecipient and the for-profit entity must follow 2 CFR 200.323.

(b) For programs authorized by other sections of WIOA, 2 CFR 200.400(g) prohibits earning and keeping of profit in Federal financial assistance unless expressly authorized by the terms and conditions of the Federal award.

(c) Income earned by a public or private nonprofit entity may be retained by such entity only if such income is used to continue to carry out the program.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 20. Employees' Benefits § 20.683.295 Is earning of profit allowed under the Workforce Innovation and Opportunity Act? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-20-employees-benefits/cfr-sect-20-683-295/

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