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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) To be eligible for a matching grant for a fiscal year pursuant to this section and section 10-408, total donor contributions for the fiscal year for which such amount is calculated shall be not less than fifteen thousand dollars.
(b) For the portion of total donor contributions for the fiscal year which is equal to fifteen thousand dollars or more but does not exceed the total donor contributions for the prior fiscal year, there shall be a match of twenty-five per cent of such amount, provided no match pursuant to this subsection shall exceed two hundred fifty thousand dollars.
(c) For the portion of total donor contributions for the fiscal year which exceeds the total donor contributions for the prior fiscal year, there shall be a match of one hundred per cent of such amount, provided no match pursuant to this subsection shall exceed one million dollars.
(d) If in any fiscal year the total amount of matching grants to be paid pursuant to the provisions of this section and section 10-408, exceed the amount available for payments to arts organizations pursuant to section 10-406, all such matching grants shall be reduced on a pro rata basis.
Cite this article: FindLaw.com - Connecticut General Statutes Title 10. Education and Culture § 10-407. Matching grants: Eligibility criteria, amounts - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-10-education-and-culture/ct-gen-st-sect-10-407/
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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