§ 37.525. What is my responsibility for determining the value and reasonableness of the recipient's cost sharing contribution?
115 words·~1 min read·
/us/cfr/t32/s§ 37.525·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
You must:
(a)Determine that the recipient's cost sharing contributions meet the criteria for cost sharing and determine values for them, in accordance with §§ 37.530 through 37.555. In doing so, you must:
(1)Ensure that there are affirmative statements from any third parties identified as sources of cash contributions.
(2)Include in the award file an evaluation that documents how you determined the values of the recipient's contributions to the funding of the project.
(b)Judge that the recipient's cost sharing contribution, as a percentage of the total budget, is reasonable. To the maximum extent practicable, the recipient must provide at least half of the costs of the project, in accordance with § 37.215.