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
- Income from sale or lease of air rights
- Other rental income
- Advertising
- Concessions
- Sale of map and planning reports
2005 - Federal Transit Administration