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

15-3-205. Funds for match.

Funds used under the provisions of this subchapter shall adhere to the following criteria:

(1) Be used for the purposes of matching an approved grant from an eligible federal agency, limited to the following:

(A) The National Science Foundation;

(B) The National Institutes of Health;

(C) The Department of Energy;

(D) The Department of Defense;

(E) The Environmental Protection Agency;

(F) The National Aeronautics and Space Administration;

(G) The Department of Agriculture;

(H) The Department of Transportation;

(I) The Department of Commerce;

(J) The Department of Education; and

(K) The Department of Homeland Security;

(2) (A) 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.

(B) 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

(3) 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.