Source: https://www.law.cornell.edu/cfr/text/7/1703.122
Timestamp: 2015-03-05 04:44:54
Document Index: 493768961

Matched Legal Cases: ['art 1703', '§ 1703', '§ 1703', '§ 1703', '§ 1703', '§ 1703']

7 CFR 1703.122 - Matching contributions. | LII / Legal Information Institute
CFR › Title 7 › Subtitle B › Chapter XVII › Part 1703 › Subpart E › Section 1703.122 7 CFR 1703.122 - Matching contributions.
§ 1703.122
The grant applicant's minimum matching contribution must equal 15 percent of the grant amount requested and shall be used for approved purposes for grants listed in § 1703.121. Matching contributions generally must be in the form of cash. However, in-kind contributions solely for the purposes listed in § 1703.121 may be substituted for cash.
In-kind items listed in § 1703.121 must be non-depreciated or new assets with established monetary values. Manufacturers' or service providers' discounts are not considered in-kind matching.
Costs incurred by the applicant, or others on behalf of the applicant, for facilities or equipment installed, or other services rendered prior to submission of a completed application, shall not be considered as an eligible in-kind matching contribution.
Costs incurred for non-approved purposes for grant outlined in § 1703.123 shall not be used as an in-kind matching contribution.
Any financial assistance from Federal sources will not be considered as matching contributions under this subpart unless there is a Federal statutory exception specifically authorizing the Federal financial assistance to be considered as a matching contribution.