Historically, PHMSA's HMEP grant program required recipients to use grant funds within the fiscal year it was received. (transportation.gov)
The tax implications of individual bonds are fairly straightforward: If an investor owns bonds that generate taxable income (which covers almost all bonds except for municipal bonds, in general), he or she is taxed on that income in the year it's received. (fidelity.com)
Accounts that don't receive special tax treatment, so all interest, dividends, and capital gains are subject to taxation in the year they're received. (investor.vanguard.com)