[Code of Federal Regulations]

[Title 7, Volume 15]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 7CFR3015.40]



[Page 110]

 

                          TITLE 7--AGRICULTURE

 

                         CHAPTER XXX--OFFICE OF

                      THE CHIEF FINANCIAL OFFICER,

                        DEPARTMENT OF AGRICULTURE

 

PART 3015_UNIFORM FEDERAL ASSISTANCE REGULATIONS--Table of Contents

 

                     Subpart F_Grant Related Income

 

Sec. 3015.40  Scope.





    This subpart contains policies and requirements related to program 

income and interest and other investment income earned on advances of 

grant funds. Appendix A defines the term ``program income.'' There are 

five categories of program income covered in this subpart. Each is 

treated in a separate section. The categories are:

    (a) General program income;

    (b) Proceeds from sale of real property and from sale of equipment 

and supplies acquired for use;

    (c) Royalties and other income earned from a copyrighted work;

    (d) Royalties or equivalent income earned from patents or 

inventions; and

    (e) Income after the period of grant or subgrant support not 

otherwise treated.