La. Admin. Code tit. 67 § VII-1719
Current through Register Vol. 50, No. 11, November 20, 2024
Section VII-1719 - Cost Sharing or MatchingA. Nonprofit Facilities. Cost sharing or matching means the grantees share of the costs of a grant-supported project or program. The grantee's match funds must be certified as nonfederal monies and will be required up-front in the form of a check payable to LRS. LRS will then reimburse 100 percent of the grant to the grantee.1. Percentages of matching funds are as follows:a. establishment grant-21.3 percent cash match is mandatory;b. construction grant-50 percent cash match is mandatory.B. Public Facilities. Cost sharing or matching means the grantees share of the costs of a grant-supported project or program. The grantee's match funds must be certified as nonfederal monies and set-aside (dedicated) for the grant. Only cash expended after the grant's effective date and before the expiration date will be considered as grantee's match.1. Percentages of matching funds are as follows:a. establishment grant-21.3 percent cash match is mandatory;b. construction grant-50 percent cash match is mandatory.2. A cost sharing or matching requirement may not be met by costs borne by another federal grant. Costs financed by general program income shall not count towards satisfying a cost sharing or matching requirement.La. Admin. Code tit. 67, § VII-1719
Promulgated by the Department of Social Services, Office of Rehabilitation Services, LR 21:586 (June 1995).AUTHORITY NOTE: Promulgated in accordance with R.S. 49:664.6 and R.S. 36.477.