7 CFR 3419.2

§ 3419.2 Matching funds requirement.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 3419.2, § 3419.2 Matching funds requirement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/29991
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Full text

(a) 1890 land-grant institutions. The distribution of capacity funds are subject to a matching requirement. Matching funds will equal not less than 100% of the capacity funds to be distributed to the institution. (b) 1862 land-grant institutions in insular areas. The distribution of capacity funds are subject to a matching requirement. Matching funds will equal not less than 50% of the capacity funds to be distributed to the institution. (c) For fiscal year 2002 and each fiscal year thereafter, the matching funds shall equal not less than 50 percent of the formula funds to be distributed to the eligible institution.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.