Section 694.7 - What are the matching requirements for a GEAR UP grant?(a) In order to be eligible for GEAR UP funding-(1) An applicant must state in its application the percentage of the cost of the GEAR UP project the applicant will provide for each year from non-Federal funds, subject to the requirements in paragraph (b) of this section; and(2) A grantee must make substantial progress towards meeting the matching percentage stated in its approved application for each year of the project period.(b) Except as provided in §§ 694.8 and 694.9 , the non-Federal share of the cost of the GEAR UP project must be not less than 50 percent of the total cost of the project (i.e., one dollar of non-Federal contributions for every one dollar of Federal funds obligated for the project) over the project period.(c) The non-Federal share of the cost of a GEAR UP project may be provided in cash or in-kind.75 FR 65798, Oct. 26, 2010 Authority: 20 U.S.C. 1070a-23