Current through October 31, 2024
Section 363.24 - What is program income and how may it be used?(a)Definition.(1)Program income means gross income earned by the State that is directly generated by authorized activities supported under this part or earned as a result of the Federal award during the period of performance.(2) Program income received through the transfer of Social Security Administration payments from the State Vocational Rehabilitation Services program, in accordance with 34 CFR 361.63(c)(2) , will be treated as program income received under this part.(b)Use of program income.(1) Program income must be used for the provision of services authorized under § 363.4 . Program income earned or received during the fiscal year must be disbursed during the period of performance of the award, prior to requesting additional cash payments.(2) States are authorized to treat program income as an addition to the grant funds to be used for additional allowable program expenditures, in accordance with 2 CFR 200.307(e)(2) .(3) Program income cannot be used to meet the non-Federal share requirement under § 363.23 . Authority: Sections 12(c) and 108 of the Rehabilitation Act of 1973, as amended; 29 U.S.C. 709(c) and 728