[Code of Federal Regulations]
[Title 23, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 23CFR1200.24]

[Page 421]
 
                           TITLE 23--HIGHWAYS
 
 CHAPTER II--NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION AND FEDERAL 
          HIGHWAY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION
 
PART 1200--UNIFORM PROCEDURES FOR STATE HIGHWAY SAFETY PROGRAMS--Table of Contents
 
 Subpart C--Implementation and Management of the Highway Safety Program
 
Sec. 1200.24  Program income.

    (a) Inclusions. Program income includes income from fees for 
services performed, from the use or rental of real or personal property 
acquired with grant funds, from the sale of commodities or items 
fabricated under the grant agreement, and from payments of principal and 
interest on loans made with grant funds.
    (b) Exclusions. Program income does not include interest on grant 
funds, rebates, credits, discounts, refunds, taxes, special assessments, 
levies, fines, proceeds from the sale of real property or equipment, 
income from royalties and license fees for copyrighted material, 
patents, and inventions, or interest on any of these.
    (c) Use of program income.--(1) Addition. Program income shall 
ordinarily be added to the funds committed to the Highway Safety Plan. 
Such program income shall be used to further the objectives of the 
program area under which it was generated.
    (2) Cost sharing or matching. Program income may be used to meet 
cost sharing or matching requirements only upon written approval of the 
Approving Official. Such use shall not increase the commitment of 
Federal funds.