45 CFR § 1631.21 - Retaining income from sale of real estate purchased with LSC funds.
---
identifier: "/us/cfr/t45/s1631.21"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "45 CFR § 1631.21 - Retaining income from sale of real estate purchased with LSC funds."
title_number: 45
title_name: "Public Welfare"
section_number: "1631.21"
section_name: "Retaining income from sale of real estate purchased with LSC funds."
chapter_name: "LEGAL SERVICES CORPORATION"
part_number: "1631"
part_name: "PURCHASING AND PROPERTY MANAGEMENT"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 2996g(e)."
regulatory_source: "82 FR 37341, Aug. 10, 2017, unless otherwise noted."
cfr_part: "1631"
---
# 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 (Cost Standards and Procedures: Applicability to derivative income.) and 45 CFR 1628.3 (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.