Logo of the Federal Transit Administration U.S. Department of Transportation
Federal Transit Administration
Financial Management Oversight Seminar 2005

Page 142 - FTA Circular 5010.1C, Chapter I - Project Administration and Management

Program Income

Definition
Income earned from grant activity during the period of the grant.

Use
Grantees may retain program income so long as it is used only for mass transit purposes. Program income may not be used to refund or reduce the local share of the grant from which it was earned.

Program Income Grantees May Retain for Transit Purposes


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2005 - Federal Transit Administration