Orange County NC Website
41 <br /> administered by the U.S. Department of Treasury pursuant to the American Rescue Plan <br /> Act of 2021 ("ARPA"), Pub. L. No. 117-2 (Mar. 11, 2021). <br /> b. CSLFRF funds means the portion of Federal financial assistance from the Coronavirus <br /> State Fiscal Recovery Funds and Coronavirus Local Fiscal Recovery Funds (collectively <br /> "CSLFRF") awarded to Orange County pursuant ARPA. <br /> c. Federal award means the Federal financial assistance that a recipient receives directly <br /> from a Federal awarding agency or indirectly from a pass-through entity, as described in <br /> § 200.101. The Federal award is the instrument setting forth the terms and conditions of <br /> the grant agreement, cooperative agreement, or other agreement for assistance. <br /> d. Federal awarding agency means the Federal agency that provides a Federal award <br /> directly to a non-Federal entity. <br /> e. Federal financial assistance means the assistance that non-Federal entities receive or <br /> administer in the form of grants, cooperative agreements, non-cash contributions, <br /> direct appropriations, food commodities, or other financial assistance, including loans. <br /> f. Federal program means all Federal awards which are assigned a single Assistance <br /> Listings Number. <br /> g. Non-Federal entity means a State, local government, Indian tribe, Institution of Higher <br /> Education (IHE), or nonprofit organization that carries out a Federal award as a recipient <br /> or subrecipient. <br /> h. Period of performance means the total estimated time interval between the start of an <br /> initial Federal award and the planned end date, which may include one or more funded <br /> portions, or budget periods. The period of performance for the ARP/CSLFRF award ends <br /> December 31, 2026. <br /> i. Program income means gross income earned by the non-Federal entity that is directly <br /> generated by a supported activity or earned as a result of the Federal award during the <br /> period of performance except as provided in § § 200.307(f). <br /> III. PROGRAM INCOME OVERVIEW <br /> For purposes of this policy, program income is the gross income earned by Orange County that <br /> is directly generated by a supported activity or earned as a result of the ARP/CSLFRF award <br /> during the period of performance, which closes December 31, 2026. 2 CFR 200.1. <br /> Program income includes, but is not limited to, the following sources of income: <br /> • The collection of fees for services performed. <br /> • Payments for the use or rental of real or personal property. <br /> • The sale of commodities or items fabricated under the Federal award. <br /> • The payment of principal and interest on loans made under the Federal award. <br /> Program income does not include fees or revenue from the following: <br /> 2 <br />