Section 9-7A-5 Grants — Maximum amount; contribution of matching amount by applicant; composition of applicant's share. - Alabama Statutes

Section 9-7A-5

Grants — Maximum amount; contribution of matching amount by applicant; composition of applicant's share.

Grants to any applicant shall cover not more than fifty percent of the cost of planning, acquiring, or developing a project that is undertaken by the applicant. The remaining share of the cost shall be borne by the applicant. No less than fifty percent of the applicant's share of the cost of a project shall consist of cash contributions or real property donated by private sources. The remaining match may be in the form of in-kind contributions.

(Acts 1982, No. 82-615, p. 1154, §5.)