12 CCR 2510-1-10.309 - TITLE III PROGRAM INCOME [Rev. eff. 2/1/16]
A. Program
income shall include all income earned by a contractor, or subcontractor that
is directly generated by supported activities, the cost of which is borne by
the contractor or subcontractor, whether in part or in full.
B. All program income shall be used in
accordance with the additional costs alternative and shall be added to funds
committed to the project or program, and used to further eligible project or
program objectives.
C. All program
income, including earnings, and expenditures of program income shall be
reported monthly in accordance with the format and time period required by the
SUA.
D. Program income shall be
fully expended before requesting reimbursement for Older Americans
Act or state funding for senior services.
Notes
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