2015 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

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Metadata

Publication TitleUnited States Code, 2012 Edition, Supplement 3, Title 15 - COMMERCE AND TRADE
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 15 - COMMERCE AND TRADE
CHAPTER 95 - MICROENTERPRISE TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAM
Sec. 6906 - Matching requirements
Containssection 6906
Date2015
Laws In Effect As Of DateJanuary 3, 2016
Positive LawNo
Dispositionstandard
Source CreditPub. L. 103-325, title I, §177, as added Pub. L. 106-102, title VII, §725, Nov. 12, 1999, 113 Stat. 1474.
Statutes at Large Reference113 Stat. 1474
Public and Private LawPublic Law 103-325, Public Law 106-102

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15 U.S.C. § 6906 (2015)

§6906. Matching requirements

(a) In general

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 funds

Fees, 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).

(c) Exception

(1) In general

In 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).

(2) Limitation

Not 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), 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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