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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) Definition—Program income means gross income earned by the grantee, subrecipient, or contractor that is directly generated by a supported activity or earned as a result of the grant, subaward, or contract.
(1) Program income received through the transfer of Social Security Administration program income from the State Vocational Rehabilitation Services program (Title I) in accordance with 34 CFR 361.63(c)(2) will be treated as program income received under this part.
(2) Payments received by the State agency, subrecipients, or contractors from insurers, consumers, or other for IL services provided under the Independent Living Services for Older Individuals Who Are Blind program to defray part or all of the costs of services provided to individual consumers will be treated as program income received under this part.
(b) Use of program income.
(1) Program income, whenever earned, must be used for the provision of services authorized under § 367.3.
(2) Program income must be added to the Federal Award in accordance with 2 CFR 200.307(e)(2).
(3) Program income may not be used to meet the non–Federal share requirement under § 367.31(b).
(Authority: Section 12(c) of the Rehabilitation Act of 1973, as amended; 29 U.S.C. 709(c))
Cite this article: FindLaw.com - Code of Federal Regulations Title 34. Education § 34.367.65 What is program income and how may it be used? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-34-education/cfr-sect-34-367-65/
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