[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR658.41]



[Page 370]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 658_UNDERGRADUATE INTERNATIONAL STUDIES AND FOREIGN LANGUAGE PROGRAM

--Table of Contents

 

           Subpart E_What Conditions Must Be Met by a Grantee?

 

Sec. 658.41  What are the cost-sharing requirements?



    (a) The grantee's share may be derived from cash contributions from 

private sector corporations or foundations in the amount of one-third of 

the total cost of the project.

    (b) The grantee's share may be derived from cash or in-kind 

contributions from institutional and noninstitutional funds, including 

State and private sector corporation or foundation contributions, equal 

to one-half of the total cost of the project.

    (c) In-kind contributions means property or services that benefit a 

grant-supported project or program and that are contributed by non-

Federal third parties without charge to the grantee.

    (d) The Secretary may waive or reduce the required non-Federal share 

for institutions that--

    (1) Are eligible to receive assistance under part A or B of title 

III or under title V of the Higher Education Act of 1965, as amended; 

and

    (2) Have submitted a grant application under this part.



(Authority: 20 U.S.C. 1124 and 3474; OMB Circular A-110)



[58 FR 32577, June 10, 1993, as amended at 64 FR 7740, Feb. 16, 1999]