S.D. Admin. R. 24:50:01:09

Current through Register Vol. 51, page 67, December 16, 2024

Section 24:50:01:09 - Sources of matching funds

The sources of matching funds may be one or more of the following:

(1) Income - admission revenue derived from sale of admissions, tickets, subscriptions, and memberships for events of the project; contractual services revenue derived from fees earned through sale of services; and other revenue including advertising space in programs, catalog sales, gift shop income, concessions, parking, and similar sources;

(2) Cash support - contributions from businesses, corporations, foundations, individuals, fund-raisers, and similar sources including the sponsoring organization;

(3) Government support - revenue derived from nonfederal government grants or appropriations given for the project;

(4) In-kind contributions - fair market value of noncash contributions to the project which re provided to the applicant by volunteers or outside parties at no cash cost to the applicant; and

(5) Other grants - grants received from other nonfederal grant-making agencies, public or private.

S.D. Admin. R. 24:50:01:09

12 SDR 56, effective 10/8/1985.

General Authority: SDCL 1-22-8.

Law Implemented: SDCL 1-22-5.