FEDERAL · 15 U.S.C. · Chapter 95
Matching requirements
Current through Pub. L. 119-102
Title 15 — Commerce and Trade·Ch. 95 — MICROENTERPRISE TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM
(a)In general
Financial assistance under this chapter shall be matched with funds from sources other than the Federal Government on the basis of not less than 50 percent of each dollar provided by the Administration.
(b)Sources of matching funds
Fees, grants, gifts, funds from loan sources, and in-kind resources of a grant recipient from public or private sources may be used to comply with the matching requirement in subsection (a).
(c)Exception
(1)In general
In the case of an applicant for assistance under this chapter with severe constraints on available sources of matching funds, the Administrator may reduce or eliminate the matching requirements of subsection (a).
(2)Limitation
Not more than 10 percent of the total funds made available from the Administration in any fiscal year to
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History
(Pub. L. 103–325, title I, §177, as added Pub. L. 106–102, title VII, §725, Nov. 12, 1999, 113 Stat. 1474.)