Title 45 Part 2519 → Subpart G
Title 45 → Subtitle B → Chapter XXV → Part 2519 → Subpart G
Electronic Code of Federal Regulations e-CFR
Title 45 Part 2519 → Subpart G
§2519.700 Are matching funds required?
(a) Yes. The Corporation share of the cost of carrying out a program funded under this part may not exceed 50 percent.
(b) In providing for the remaining share of the cost of carrying out a program, each recipient of assistance must provide for that share through a payment in cash or in-kind, fairly evaluated, including facilities, equipment, or services, and may provide for that share through State sources, local sources (including private funds or donated services) or Federal sources (other than funds made available under the national service laws).
(c) However, the Corporation may waive the requirements of paragraph (b) of this section in whole or in part with respect to any program in any fiscal year if the Corporation determines that the waiver would be equitable due to lack of available financial resources at the local level.
[59 FR 13792, Mar. 23, 1994, as amended at 74 FR 46506, Sept. 10, 2009]
§2519.710 Are there limits on the use of funds?
Yes. The following limits apply to funds available under this part:
(a)(1) Not more than six percent of the grant funds provided under this part for any fiscal year may be used to pay for administrative costs, as defined in §2510.20 of this chapter.
(2) The distribution of administrative costs between the grant and any subgrant will be subject to the approval of the Corporation.
(3) In applying the limitation on administrative costs the Corporation will approve one of the following methods in the award document:
(i) Limit the amount or rate of indirect costs that may be paid with Corporation funds under a grant or subgrant to six percent of total Corporation funds expended, provided that—
(A) Organizations that have an established indirect cost rate for Federal awards will be limited to this method; and
(B) Unreimbursed indirect costs may be applied to meeting operational matching requirements under the Corporation's award;
(ii) Specify that a fixed rate of six percent or less (not subject to supporting cost documentation) of total Corporation funds expended may be used to pay for administrative costs, provided that the fixed rate is in conjunction with an overall 15 percent administrative cost factor to be used for organizations that do not have established indirect cost rates; or
(iii) Utilize such other method that the Corporation determines in writing is consistent with OMB guidance and other applicable requirements, helps minimize the burden on grantees or subgrantees, and is beneficial to grantees or subgrantees and the Federal Government.
[63 FR 18138, Apr. 14, 1998, as amended at 74 FR 46506, Sept. 10, 2009]
§2519.720 What is the length of a grant?
A grant under this part is for a period of up to three years, subject to satisfactory performance and annual appropriations.
§2519.730 May an applicant submit more than one application to the Corporation for the same project at the same time?
No. The Corporation will reject an application for a project if an application for funding or educational awards for the same project is already pending before the Corporation.