---
kind: "section"
citation: "45 C.F.R. § 1631.21"
title: "45"
number: "1631.21"
heading: "Retaining income from sale of real estate purchased with LSC funds."
url: "https://uscodex.org/cfr/45/1631.21"
---

# §1631.21. Retaining income from sale of real estate purchased with LSC funds.

- (a) During the term of an LSC grant or contract, a recipient may retain and use income from any sale of real estate purchased with LSC funds according to [45 CFR 1630.17](/cfr/45/1630.17.md) (Cost Standards and Procedures: Applicability to derivative income.) and [45 CFR 1628.3](/cfr/45/1628.3.md) (Recipient Fund Balances: Policy.).
- (b) The recipient must account for income earned from the sale, rent, or lease of real or personal property purchased with LSC funds according to the requirements of [45 CFR 1630.17](/cfr/45/1630.17.md).

## Notes

### Authority

Authority: 42 U.S.C. 2996g(e).

### Source

Source: 82 FR 37341, Aug. 10, 2017, unless otherwise noted.