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Code · STATUTE-COMPILATIONS · Riegle Community Development and Regulatory Improvement Act of 1994 · Sec. 177

Sec. 177. MATCHING REQUIREMENTS

162 words·~1 min read·/statute-compilations/comps-10825/sec-177

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## SEC. 177 MATCHING REQUIREMENTS ###
(a)In General Financial assistance under this subtitle 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 subtitle 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 carry out this subtitle may be excepted from the matching requirements of subsection (a), as authorized by paragraph
(1)of this subsection.
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