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§ 318. Use of Program Income.

3 CA ADC § 318Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 3. Food and Agriculture
Division 1. Administration
Chapter 5. Grant Administration
3 CCR § 318
§ 318. Use of Program Income.
Currentness
(a) Program income may be used in one or more of the following ways:
(1) Reinvested into the project for which the grant was awarded, and expended on allowable project costs.
(2) Used to meet a cost sharing requirement of the grant award.
(3) Deducted from total allowable costs to determine the net allowable costs of the grant award. The amount of the grant award which can be invoiced is decreased by the amount of program income deducted.
(b) The Department may approve other uses of program income in accordance with section 311.
(c) There are no requirements governing the disposition of program income earned after the grant duration, unless the grant program requirements or terms and conditions of the grant award provide otherwise.

Credits

Note: Authority cited: Sections 407 and 485, Food and Agricultural Code. Reference: Sections 201, 401, 401.5, 404 and 485, Food and Agricultural Code; and Section 18901.2, Revenue and Taxation Code.
History
1. New section filed 9-21-2016; operative 1-1-2017. Exempt from Administrative Procedure Act pursuant to Food and Agricultural Code Section 485(d), which provides “Procedures, forms, and guidelines established for these grant programs, including the application process, are exempt from Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code.” (Register 2016, No. 39).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 3, § 318, 3 CA ADC § 318
End of Document