23 CFR · Highways

§ 1300.34 — Program income.

23 CFR § 1300.34

This text of 23 C.F.R. § 1300.34 (Program income.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
23 C.F.R. § 1300.34 (2026).

Text

§ 1300.34 Program income.

(a)Definition. Program income means gross income earned by the State or a subrecipient that is directly generated by a supported activity or earned as a result of the Federal award during the period of performance.
(b)Inclusions. Program income includes but is not limited to income from fees for services performed, the use or rental of real or personal property acquired under Federal awards, the sale of commodities or items fabricated under a Federal award, license fees and royalties on patents and copyrights, and principal and interest on loans made with Federal award funds.
(c)Exclusions. Program income does not include interest on grant funds, rebates, credits, discounts, taxes, special assessments, levies, and fines raised by a State or a subrecipient, an

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23 C.F.R. § 1300.34, Counsel Stack Legal Research, https://law.counselstack.com/cfr/23/1300/1300.34.
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