2014 US Code
Title 15 - Commerce and Trade (Sections 1 - 8405)
Chapter 95 - Microenterprise Technical Assistance and Capacity Building Program (Sections 6901 - 6910)
Sec. 6906 - Matching requirements
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 95 - MICROENTERPRISE TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM Sec. 6906 - Matching requirements |
| Contains | section 6906 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 103-325, title I, §177, as added Pub. L. 106-102, title VII, §725, Nov. 12, 1999, 113 Stat. 1474. |
| Statutes at Large Reference | 113 Stat. 1474 |
| Public and Private Law | Public Law 103-325, Public Law 106-102 |
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Financial assistance under this chapter shall be matched with funds from sources other than the Federal Government on the basis of not less than 50 percent of each dollar provided by the Administration.
(b) Sources of matching fundsFees, grants, gifts, funds from loan sources, and in-kind resources of a grant recipient from public or private sources may be used to comply with the matching requirement in subsection (a) of this section.
(c) Exception(1) In generalIn the case of an applicant for assistance under this chapter with severe constraints on available sources of matching funds, the Administrator may reduce or eliminate the matching requirements of subsection (a) of this section.
(2) LimitationNot more than 10 percent of the total funds made available from the Administration in any fiscal year to carry out this chapter may be excepted from the matching requirements of subsection (a) of this section, as authorized by paragraph (1) of this subsection.
(Pub. L. 103–325, title I, §177, as added Pub. L. 106–102, title VII, §725, Nov. 12, 1999, 113 Stat. 1474.)
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