Disposition

Any program income earned during the grant period will be retained by the subgrantee and added to funds committed to the project and used to further eligible program objectives. This may be accomplished either by:

Deducting the program income from the total project costs for the purpose of determining the net costs on which the state or federal share of costs will be based, or

Using the program income to continue the project after the end of the project period as long as the objectives and scope of the project are continued.

Federal regulations require program income to be spent in the current fiscal year. If, for any reason, program income funds are not able to be spent in the current fiscal year, NHTSA should be notified to allow for any needed authorization.

Section 6: Program Income