Following the grant regulations for program income is a good procedure
until you confer with CO.  Unless the contract was unusual, there will
probably be no reference to program income.  The question might be asked,
"If you followed the contract, how did program income get
generated?"  Contracts for research often closely resemble grants (some
researchers do not clearly understand the difference), and your PI may have
exceeded the bounds of the contract.  In that case, you may find that there
was not program income, but revenue due for some other reason.

Chuck

At 10:59 AM 7/3/2002 -0500, you wrote:
>Good Morning,
>
>         We don't deal with program income very often but do have a
> procedure for
>handling program income funds based on the requirements of OMB A-110,
>Section 24. All of my program income situations to-date have involved grants
>or cooperative agreements. Today I learned of a program income generating
>situation involving a federal contract and am not quite sure how to proceed.
>I can't find a reference to program income in FAR and there is nothing in
>the contract addressing program income.
>
>         My inclination is to handle this in the same manner as we do the
> grants and
>we monitor those funds closely. We will bring this up with the Contracting
>Officer but I have a feeling they will be in new territory too. Any
>suggestions?
>
>Val Seaquist
>Office of Research Administration
>The University of Alabama in Huntsville
>
>
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