Regulations last checked for updates: Oct 17, 2024

Title 32 - National Defense last revised: Oct 15, 2024
§ 37.1335 - Program income.

Gross income earned by the recipient or a participant that is generated by a supported activity or earned as a direct result of a TIA. Program income includes but is not limited to: income from fees for performing services; the use or rental of real property, equipment, or supplies acquired under a TIA; the sale of commodities or items fabricated under a TIA; and license fees and royalties on patents and copyrights. Interest earned on advances of Federal funds is not program income.

authority: 5 U.S.C. 301 and 10 U.S.C. 113.
source: 68 FR 47160, Aug. 7, 2003, unless otherwise noted.
cite as: 32 CFR 37.1335