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Current as of March 28, 2024 | Updated by Findlaw Staff
Funds used under the provisions of this subchapter shall adhere to the following criteria:
(1) Be used for the purposes of matching an approved grant from an eligible federal agency, limited to the following:
(A) The National Science Foundation;
(B) The National Institutes of Health;
(C) The United States Department of Energy;
(D) The United States Department of Defense;
(E) The United States Environmental Protection Agency;
(F) The National Aeronautics and Space Administration;
(G) The United States Department of Agriculture;
(H) The United States Department of Transportation;
(I) The United States Department of Commerce;
(J) The United States Department of Education; and
(K) The United States Department of Homeland Security;
(2)(A) Proposals for federal funds that contain a specific state or federal match requirement, for the purposes of this subchapter, shall not be matched at a rate of more than fifty percent (50%), except that any portion of the match over fifty percent (50%) may be borne by the college or university.
(B) Proposals for federal funds that do not contain a specific state or federal match requirement, for the purposes of this subchapter, shall not be matched at a rate of more than ten percent (10%), provided that the state share is matched dollar for dollar by the college or university for a combined match of not more than twenty percent (20%), except that any portion of the match over twenty percent (20%) may be borne by the college or university; and
(3) A state financial match requirement of at least twenty thousand dollars ($20,000) for equipment matching and at least fifty thousand dollars ($50,000) for research project matching.
Cite this article: FindLaw.com - Arkansas Code Title 15. Natural Resources and Economic Development § 15-3-205. Funds for match - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-15-natural-resources-and-economic-development/ar-code-sect-15-3-205/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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