[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR307.7]

[Page 499]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 307--LOCAL TECHNICAL ASSISTANCE, UNIVERSITY CENTER TECHNICAL ASSISTANCE, NATIONAL TECHNICAL ASSISTANCE, TRAINING, RESEARCH, AND EVALUATION--Table of Contents
 
                  Subpart B--University Center Program
 
Sec. 307.7  Award and grant rate requirements.

    (a) EDA will provide assistance for the period of time required to 
complete the project scope of work, generally not to exceed twelve 
months.
    (b) If the project is regional in scope, EDA may determine that the 
requirement that public or private nonprofit organizations must act in 
cooperation with officials of a political subdivision of a State is 
satisfied by the nature of the project;
    (c) Grant rate:
    (1) The maximum Federal grant rate for a project under this subpart 
is:
    (i) 50 percent, or
    (ii) 75 percent, if the project is not feasible without, and merits, 
a reduction or waiver of the non-Federal share.
    (2) A project is eligible for a supplemental grant increasing the 
Federal share up to and including 75 percent when the applicant is able 
to demonstrate that:
    (i) It cannot provide the non-Federal share otherwise required 
because in the overall economic situation there is a lack of available 
non-Federal share due, for instance, to the pressing demand for its use 
elsewhere;
    (ii) The project is addressing major causes of distress in the area 
serviced and requires the unique characteristics of the applicant, which 
will not participate in the program if it must provide all or part of a 
50 percent non-Federal share; or
    (iii) The project is for the benefit of local, State, regional, or 
national economic development efforts, and will be of no or only 
incidental benefit to the recipient.
    (3) A project awarded under this subpart is not eligible for 
additional Federal grant assistance under the table in Sec. 301.4(b) or 
the provisions of Sec. 301.4(d) of this chapter, i.e., the 10 percent 
incentive increase for certain projects in districts.
    (d) Direct costs: At least 80 percent of EDA funding must be 
allocated to direct costs of program delivery.

[64 FR 5427, Feb. 3, 1999. Redesignated and amended at 64 FR 69878, Dec. 
14, 1999; 65 FR 71025, Nov. 28, 2000]