Arkansas § 15-3-205 - Funds for match.

§ 15-3-205. Funds for match.

Funds used under the provisions of this subchapter shall adhere to the following criteria: Be used for the purposes of matching an approved grant from an eligible federal agency, limited to the following: The National Science Foundation; The National Institutes of Health; The United States Department of Energy; The United States Department of Defense; The United States Environmental Protection Agency; The National Aeronautics and Space Administration; The United States Department of Agriculture; The United States Department of Transportation; The United States Department of Commerce; The United States Department of Education; and The United States Department of Homeland Security; 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. 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 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.