12 Colo. Code Regs. § 2510-1-10.401.3
Current through Register Vol. 47, No. 22, November 25, 2024
Section 12 CCR 2510-1-10.401.3 - General Program Income [Rev. eff. 2/1/16]A. Program income shall include all income earned by a contractor, or subcontractor that is directly generated by supported activities, the cost of which is borne by the contractor or subcontractor, whether in part or in full.B. All program income shall be used in accordance with the additional costs alternative and shall be added to funds committed to the project or program and used to further eligible project or program objectives.C. All program income, including earnings and expenditures of program income shall be reported monthly in accordance with the format and time period required by the SUA.D. Program income earned after the contract has ended shall be subject to the terms of the contract or subcontract. If this category of income is not specifically detailed in the contract document, the agency may dispose of the income as it chooses.39 CR 01, January 10, 2016, effective 2/1/2016