50 CFR §80.126

1. (a)The State fish and wildlife agency must treat income earned by a subrecipient after the period of performance as:
   1. (1)License revenue for the administration of the agency;
   2. (2)Additional funding for purposes consistent with the award or the program; or
   3. (3)Income subject only to the terms of the subaward agreement and any subsequent contractual agreements between the agency and the subrecipient.
2. (b)The agency must indicate its choice of one of the above alternatives in the project statement that the agency submits with each application for Federal assistance. If the agency does not indicate its choice in the project statement, the subrecipient does not have to account for any income earned after the period of performance unless required to do so in the subaward agreement or in any subsequent contractual agreement.