14B NCAC 09 .0209 COST ASSUMPTION PLANS: FUND MATCHING REQUIREMENTS
(a) Eligible applicants must provide a statement in the written application which reflects the eventual assumption of project costs if state funds are unavailable for this program.
(b) State funds will be granted only in the amount necessary to assure initiation or continuation of a program. Unless the Secretary of the Department of Crime Control and Public Safety deems necessary, the state component will not exceed the following ratios:
Ninety percent State Share of Total Costs in the 1st year; up to 85 percent but not less than 80 percent in the second year and thereafter, as determined by the secretary or his designee.
Commitments from local funding sources will be considered during grant review.
History Note: Authority G.S. 143B-500 through 143B-507;
Eff. January 1, 1988;
Transferred from 14A NCAC 11 .0409 Eff. June 1, 2013.