§609.40. What are the matching requirements?
34 C.F.R. § 609.40
If an institution receives a grant in excess of $500,000, it must spend non-Federal funds to meet the cost of at least 50 percent of the activities approved in its application.
Notes, amendments, and revision history
Authority
Authority: 20 U.S.C. 1060 through 1063c, and 1068 through 1068h, unless otherwise noted.
Source
Source: 59 FR 38717, July 20, 1993, unless otherwise noted.