REFUND OF INCOME. All income earned by the project as a result of entitlement funds (program income) shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales and any program income.
Appears in 15 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
REFUND OF INCOME. All income earned by the a project as a result of entitlement funds (program income) shall be accounted for and refunded to the City as it is received, quarterly or used to offset project cost unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales and any program income.
Appears in 2 contracts
Samples: Grant Agreement, Grant Agreement
REFUND OF INCOME. All income earned by the project as a result of entitlement funds (program income) shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales and any program income. Any repayments remitted by the Project Owner/Borrower are considered to be program income.
Appears in 1 contract
Samples: Funding Agreement
REFUND OF INCOME. All income earned by the project as a result of entitlement funds (program income) shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales sales, and any program income.
Appears in 1 contract
Samples: Funding Agreement
REFUND OF INCOME. All income earned by the project as a result of entitlement funds (funds, defined as program income) , shall be accounted for and refunded to the City as it is received, unless otherwise specified in Exhibit B. Earned income shall be defined as fees received, subsidies, sales and any program income.B.
Appears in 1 contract
Samples: Regulatory Agreement
