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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter XIV - Commodity Credit Corporation, Department of Agriculture |
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SubChapter C - Export Programs |
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Part 1489 - Agricultural Trade Promotion Program |
§ 1489.31 - Program income.
Latest version.
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§ 1489.31 Program income.
Any revenue or refunds generated from an activity, e.g., participation fees, proceeds of sales, refunds of value added taxes (VAT), the expenditures for which have been wholly or partially reimbursed with ATP RAPP funds, shall be used by the ATP RAPP Participant in furtherance of its approved ATP RAPP activities in the program budget period during which the ATP RAPP funds are available for obligation by the ATP RAPP Participant. The use of such revenue or refunds shall be governed by 7 CFR this part 1489. Interest earned on funds advanced by the CCC is not program income.