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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) Each State shall provide cash, in kind contributions, or both for SEP activities in an amount totaling not less than 20 percent of the financial assistance allocated to the State under § 420.11(b).
(b) Cash and in-kind contributions used to meet this State matching requirement are subject to the limitations on expenditures described in § 420.18(a), but are not subject to the 20 percent limitation in § 420.18(b).
(c) Nothing in this section shall be read to require a match for petroleum violation escrow funds used under this subpart.
Cite this article: FindLaw.com - Code of Federal Regulations Title 10. Energy § 10.420.12 State matching contribution - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-10-energy/cfr-sect-10-420-12/
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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