Special Treatment. In exceptional circumstances, NSF may approve use of a special award provision to restrict or eliminate an awardee’s control of income earned through NSF-supported activities if it determines that this would best serve the purposes of a particular program or award. The special provisions may require treatment of the program income via use of the deductive method, the Federal share of program income be kept in a separate account, or reported on and/or remitted for such periods as may be reasonable under the circumstances. If, in accordance with the award terms and conditions program income is designated for deductive treatment, it must be remitted to NSF by crediting costs otherwise chargeable against the award. Program Income in excess of the award will be remitted to NSF electronically or by check payable to the National Science Foundation.
Appears in 16 contracts
Samples: Cooperative Agreement, Cooperative Agreement, Cooperative Agreement
