GRANT INCOME Sample Clauses

GRANT INCOME. Any gross income directly generated from the use of the Grant funds shall be used only for those activities delineated in the Grant Agreement and all relevant provisions of this Agreement shall apply to such activities. Disposition of Grant Income received by the Contractor shall be governed by the requirements outlined in the Grant Agreement.
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GRANT INCOME. Grantee shall utilize any Program Income derived from both the General Fund Grant, MHSA Fund Grants in the same manner as outlined in Section 8.a. or 8.b., respectively. For purposes of this paragraph, "Program Income" means gross income that is directly generated from Grant Funds and may include, but is not limited to: any interest accrued on the original grant amounts on deposit with the Trust, any recapture of Grant Funds, or payments of principal and interest on loans made using Grant Funds to the Trust.
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