Assistance considerations...
Length and Time Phasing of Assistance
Following a competitively selected award of up to twelve months, awards may be made for up to 4 subsequent years; subject to the availability of funds.
Formula and Matching Requirements
The Federal share for the first and second fiscal years shall be 75 percent; for the third and fourth years 60 percent; and for the fifth year 50 percent. All resources must be used to supplement and not supplant resources otherwise available for the purposes of the grant. Other regulations in 34 CFR 74, Subpart G (cost-sharing or matching), apply. The Secretary of Education will consider requests to reduce or waive matching requirements if financial hardship is demonstrated.
Note:
A formula may be based on population, per capita income, and other statistical factors. Applicants are informed whether there are any matching requirements to be met when participating in the cost of a project. In general, the matching share represents that portion of the project costs not borne by the Federal government. Attachment F of OMB Circular No. A-102 (Office of Management and Budget) sets forth the criteria and procedures for the evaluation of matching share requirements which may be cash or in-kind contributions made by State and local governments or other agencies, institutions, private organizations, or individuals to satisfy matching requirements of Federal grants or loans.
Cash contributions represent the grantees' cash outlay, including the outlay of money contributed to the grantee by other public agencies, institutions, private organizations, or individuals. When authorized by Federal regulation, Federal funds received from other grants may be considered as the grantees' cash contribution.
In-kind contributions represent the value of noncash contributions provided by the grantee, other public agencies and institutions, private organizations or individuals. In-kind contributions may consist of charges for real property and equipment, and value of goods and services directly benefiting and specifically identifiable to the grant program. When authorized by Federal legislation, property purchased with Federal funds may be considered as grantees' in-kind contribution.
Maintenance of effort (MOE) is a requirement contained in certain legislation, regulations, or administrative policies stating that a grantee must maintain a specified level of financial effort in a specific area in order to receive Federal grant funds, and that the Federal grant funds may be used only to supplement, not supplant, the level of grantee funds.