Common use of Program Income Clause in Contracts

Program Income. Gross income directly generated from the grant funds through a project or activity performed under this Grant Contract is considered program income. Unless otherwise required under the terms of this Grant Contract, any program income shall be used by GRANTEE to further the program objectives of the project or activity funded by this grant, and the program income shall be spent on the same project or activity in which it was generated. GRANTEE shall identify and report this income in accordance with the OAG’s reporting instructions. GRANTEE shall expend program income during this Grant Contract term; program income not expended in this Grant Contract term shall be refunded to the OAG.

Program Income. Gross income directly generated from the grant funds through a project or activity performed under this Grant Contract contract is considered program income. Unless otherwise required under the terms of this Grant Contractcontract, any program income shall be used by GRANTEE to further the program objectives of the project or activity funded by this grant, and the program income shall be spent on the same project or activity in which it was generated. GRANTEE shall identify and report this income in accordance with the OAG’s reporting instructions. GRANTEE shall expend program income during this Grant Contract contract term; program income not expended in this Grant Contract contract term shall be refunded to the OAG.

Program Income. Gross income directly generated from the grant funds through a project or activity performed under this Grant Contract is contract are considered program income. Unless otherwise required under the terms of this Grant Contractcontract, any program income shall be used by GRANTEE to further the program objectives of the project or activity funded by this grant, and the program income shall be spent on the same project or activity in which it was generated. GRANTEE shall identify and report this income in accordance with the OAG’s reporting instructions. GRANTEE shall expend program income during this Grant Contract contract term; program income not expended in this Grant Contract contract term shall be refunded to the OAG.

Program Income. Gross income directly generated from the grant funds through a project or activity performed under this Grant Contract is considered program income. Unless otherwise required under the terms of this Grant Contract, any program income shall be used by GRANTEE to further the program objectives of the project or activity funded by this grant, and the program income shall be spent on the same project or activity in which it was generated. GRANTEE shall identify and report this income in accordance with the OAG’s reporting instructions. GRANTEE shall expend program income during this Grant Contract term; program income not expended in this Grant Contract term shall be refunded to the OAG.

Program Income. Gross income directly generated from the grant funds through a project or activity performed under this Grant Contract contract is considered program income. Unless otherwise required under the terms of this Grant Contractcontract, any program income shall be used by GRANTEE to further the program objectives of the project or activity funded by this grant, and the program income shall be spent on the same project or activity in which it was generated. GRANTEE shall identify and report this income in accordance with the OAG’s reporting instructions. GRANTEE shall expend program income during this Grant Contract contract term; program income not expended in this Grant Contract contract term shall be refunded to the OAG.. DRAFT