[Code of Federal Regulations] [Title 34, Volume 3] [Revised as of July 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 34CFR661.40] [Page 377] TITLE 34--EDUCATION CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION PART 661_BUSINESS AND INTERNATIONAL EDUCATION PROGRAM--Table of Contents Subpart E_What Conditions Must be Met by a Grantee? Sec. 661.40 What are the matching requirements? A grantee shall pay a minimum of 50 percent of the cost of the project for each fiscal year. (Authority: 20 U.S.C. 1130a)