I am dealing with exactly the same question.  The clearest guidelines I
have been able to find have been NIH's, which specify that the funds have
to be used for allowable project costs, which I interpret to mean within
the project term.   OMB A110 seems to suggest that program income not used
for additional project costs or as match should be deducted from the amount
otherwise due to the grantee under the award.

I am also very interested to know whether anyone has received a definitive
answer to this question.

Michael Pelletier
Associate Director, Office of Sponsored Programs
Education Development Center, Inc.
(617)618-2227

 "Reynolds, Craig
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 EDU>                     Subject: [RESADM-L] Program Income Question
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 02/26/2003 05:56
 PM
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Hi Folks,

Got a quick question for the group...  we have a Bureau of Health
Professions training grant for which any program income is to be used for
additional costs.  What I would like to know is if the program income must
be used during the term of the award or if we can use the program income to
further the purposes of the award after it has expired.  (We'd like to hold
the income we're receiving now until the grant has expired so that we can
keep the program running later.)

I think I know the answer, but thought I'd check the collective wisdom out
there.

Thanks,

Craig

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