Common use of Cost Share Match Requirements Clause in Contracts

Cost Share Match Requirements. Cost sharing or matching is that portion of the Project costs not borne by the Authority. The Authority will accept all contributions, including cash and in-kind, as part of the Grantees’ cost sharing or matching when such contributions meet the following criteria: • Are provided for in the Project budget; • Are verifiable from the Grantee’s records; • Are not included as contributions for another state or federally assisted project or program; (The same funds cannot be counted as match for more than one program.) • Are necessary and reasonable for proper and efficient accomplishment of the Project or program objectives; • Are allowable costs; • Are not paid by the State or federal government under another award, except for those authorized by the State or federal statute to be used for cost sharing or matching; • Must be incurred within the grant eligible time period. The Authority may allow cost sharing or matching contributions that occurred prior to the grant eligible time period for projects that involve construction.

Cost Share Match Requirements. Cost sharing or matching is that portion of the Project costs not borne by the Authority. The Authority will accept all contributions, including cash and in-kind, as part of the Grantees’ cost sharing or matching when such contributions meet the following criteria: •  Are provided for in the Project budget; •  Are verifiable from the Grantee’s records; •  Are not included as contributions for another state or federally assisted project or program; (The same funds cannot be counted as match for more than one program.) •  Are necessary and reasonable for proper and efficient accomplishment of the Project or program objectives; •  Are allowable costs; •  Are not paid by the State or federal government under another award, except for those authorized by the State or federal statute to be used for cost sharing or matching; •  Must be incurred within the grant eligible time period. The Authority may allow cost sharing or matching contributions that occurred prior to the grant eligible time period for projects that involve construction.