Sec. 7. Funding
153 words·~1 min read·
/bill/114/s/1993/is/section-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to using funding provided under subsections
(b)and (c), to fund 21CSC projects, each 21CSC organization shall leverage the funds provided under such subsections by soliciting in cash or in-kind contributions from public or private sources. To leverage the funds under paragraph (1), each 21CSC organization may solicit contributions by using innovative strategies, such as crowd-funding. In addition to using funding provided under subsections
(a)and (c), to fund a 21CSC project, each participating entity shall be limited to using existing resources that have been appropriated or allocated to such participating entity, as of the period of implementation of such 21CSC project, under laws and authorities other than this Act. A 21CSC organization conducting a 21CSC project shall provide a share of not less than 10 percent of the total cost of such project. The organization may provide the share in cash or in kind from State, local, or private sources.