50 CFR 80.123 - How may an agency use program income?

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There is 1 rule appearing in the Federal Register for 50 CFR 80. View below or at eCFR (GPOAccess)
§ 80.123 How may an agency use program income?
(a) A State fish and wildlife agency may choose any of the three methods listed in paragraph (b) of this section for applying program income to Federal and non-Federal outlays. The agency may also use a combination of these methods. The method or methods that the agency chooses will apply to the program income that it earns during the grant period and to the program income that any subgrantee earns during the grant period. The agency must indicate the method that it wants to use in the project statement that it submits with each application for Federal assistance.
(b) The three methods for applying program income to Federal and non-Federal outlays are in the following table:
Method Requirements for using the method
(1) Deduction (i) The agency must deduct the program income from total allowable costs to determine the net allowable costs.
(ii) The agency must use program income for current costs under the grant unless the Regional Director authorizes otherwise.
(iii) If the agency does not indicate the method that it wants to use in the project statement, then it must use the deduction method.
(2) Addition (i) The agency may add the program income to the Federal and matching funds under the grant.
(ii) The agency must use the program income for the purposes of the grant and under the terms of the grant.
(3) Matching (i) The agency must request the Regional Director's approval in the project statement.
(ii) The agency must explain in the project statement how the agency proposes to use the program income, the expected results, and why it is essential to use program income as match.
(iii) The Regional Director may approve the use of the matching method if the requirements of paragraph (c) of this section are met.
(c) The Regional Director may approve the use of the matching method if the proposed use of the program income would:
(1) Be consistent with the intent of the applicable Act or Acts; and
(2) Result in at least one of the following:
(i) The agency substitutes program income for at least some of the match that it would otherwise have to provide, and then uses this saved match for other fish or wildlife-related projects;
(ii) The agency substitutes program income for at least some of the apportioned Federal funds, and then uses the saved Federal funds for additional eligible activities under the program; or
(iii) A net benefit to the program.

Title 50 published on 2013-10-01

The following are only the Rules published in the Federal Register after the published date of Title 50.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2014-07-29; vol. 79 # 145 - Tuesday, July 29, 2014
    1. 79 FR 43961 - Addresses of Headquarters Offices
      GPO FDSys XML | Text
      DEPARTMENT OF THE INTERIOR, Fish and Wildlife Service
      Final rule.
      This rule is effective on July 29, 2014.
      50 CFR Parts 2, 10, 13, 14, 15, 16, 17, 18, 20, 21, 22, 23, 36, 80, 86, 91, and 100

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United States Code

Title 50 published on 2013-10-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 50 CFR 80 after this date.

  • 2014-07-29; vol. 79 # 145 - Tuesday, July 29, 2014
    1. 79 FR 43961 - Addresses of Headquarters Offices
      GPO FDSys XML | Text
      DEPARTMENT OF THE INTERIOR, Fish and Wildlife Service
      Final rule.
      This rule is effective on July 29, 2014.
      50 CFR Parts 2, 10, 13, 14, 15, 16, 17, 18, 20, 21, 22, 23, 36, 80, 86, 91, and 100