Common use of Interest-Bearing Accounts Clause in Contracts

Interest-Bearing Accounts. 1. The CAR must deposit advances of cooperative agreement funds (as described in Section VII.A., Methods of Disbursement) and program income (as defined earlier) in an interest- bearing account. 2. For interest earned on advances, CARs and subgrantees are subject to the provisions of 2 CFR § 200.305(b)(7)(ii) relating to remitting interest on advances to EPA on a quarterly basis. 3. Interest earned on program income is considered additional program income.

Interest-Bearing Accounts. 1. The CAR must deposit advances of cooperative agreement funds (as described in Section VII.A., Methods of Disbursement) and program income (as defined earlieri.e., fees) in an interest- interest-bearing account. 2. a. For interest earned on advances, CARs and subgrantees are subject to the provisions of 2 CFR § 200.305(b)(7)(ii) relating to remitting interest on advances to EPA on a quarterly basis. 3. Interest earned on program income is considered additional program income.

Interest-Bearing Accounts. 1. The CAR must deposit advances of cooperative agreement funds (as described in Section VII.A.VII.A, Methods of Disbursement) and program income (as defined earlier) in an interest- interest bearing account. 2. For interest Interest earned on advances, advances - CARs and subgrantees subrecipients are subject to the provisions of 2 CFR § 200.305(b)(7)(ii) relating to remitting interest on advances to EPA on a quarterly basis. 3. Interest earned on program income is considered additional program income.