Section 487:28 Eligible Applicants; Matching Funds. - New Hampshire Statutes

   I. The department of environmental services shall distribute funds for projects to further the purposes of this program only to eligible applicants. Eligible applicants shall include:
      (a) Publicly-supported nonprofit corporations exempt from federal income taxation under Section 501(c) of the Internal Revenue Code.
      (b) Municipalities or other political subdivisions of the state.
      (c) Institutions of higher learning.
      (d) State agencies.
   II. All eligible applicants shall provide a minimum level of matching resources equal to 50 percent of the proposed program budget. The department may exempt institutions of higher learning from the required match. The cost-sharing match may be met through the use of in-kind services. Qualifying matching funds from the applicant may include, but are not limited to, municipal appropriations, private donations, federal funds, and the value of goods and services provided by the applicant.

Source. 2002, 201:3, eff. Jan. 1, 2003.