StacksVerified U.S. regulatory reference

50 CFR §80.125

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)The State fish and wildlife agency must treat income that it earns after the period of performance as either:
    1. (1)License revenue for the administration of the agency; or
    2. (2)Additional funding for purposes consistent with the award or the program.
  2. (b)The agency must indicate its choice of one of the alternatives set forth in paragraph (a) of this section in the project statement that the agency submits with each application for Federal assistance. If the agency does not record its choice in the project statement, the agency must treat the income earned after the period of performance as license revenue.