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Iowa Attorney General
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Program Income Disposition Requirements

Addition Method of Handling Program Income

Sale of Property

Royalties

Attorney Fees and Costs

Registration/Tuition Fees

Addition Method of Handling Program Income

In the absence of other restrictions on disposition contained within the grant or the terms and conditions of the project, program income shall be added to the funds committed in the award. The program income shall be used as earned by the subrecipient for any purpose that furthers the broad objectives of the legislation under which the award was made (i.e., expanding the project or program, continuing the project or program that furthers the broad objectives of the State, obtaining equipment or other assets needed for the project or program, or for other activities that further the statute’s objectives).

Sale of Property

In the case of real property purchased in part with Federal funds, the subrecipient may be permitted to retain title upon compensating CVAD for its fair share of the property. The Federal share of the property shall be computed by applying the Grant specific percentage of the Federal participation in the total cost of the project for which the project was acquired to the current fair market value of the property.

Royalties

Subrecipients shall retain all royalties received from copyrights or other works developed under projects or from patents and inventions, unless the terms and conditions of the project provide otherwise, or a specific agreement governing such royalties has been negotiated between CVAD and the subrecipient.

Attorney's Fees & Costs

Income received pursuant to a court-ordered award of attorney’s fees or costs, which is received subsequent to completion of the project, is program income to the extent that it represents a reimbursement for attorney’s fees and costs originally paid under the award. Disposition of such program income is subject to the restrictions on the use of program income set forth in the grant.

Registration/Tuition Fees

These types of program income shall be treated in accordance with disposition instructions set forth in the project’s terms and conditions.

Program income, with the approval of the CVAD, may be retained by the entity earning the program income or used by CVAD for the purpose that furthers the objectives of the legislation under which the grant was made.

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